13 December 2010

The Wealthy

Should not be compelled to pay more income tax as a percentage than anyone else

They can and should contribute more and they can. They can make any contribution to the US Treasury anytime they want. Nothing is preventing them from donating whatever they feel is their just and honorable additional contribution. Nothing should prevent them. I would suggest they willingly contribute an additional 200 percent, but not be compel to contribute anything above the percentage EQUAL to all other individuals.

Progressive income tax rates should be eliminated. They are unjust. All individual income must be taxed at the same rate. No individual’s income should be treated differently under tax law. Every citizen should be treated equally by all laws of the United States.

If an individual earns income benefiting from this countries opportunity and wealth, but only some are obligated to pay income tax; but even the lowest income earners should pay something for the privilege of working in this great country.

Those who earn more will pay much more in dollars at equal rates, if income is properly and justly defined.

Every citizen should pay the same tax rate on their income, regardless of their wealth.  A simple, clear, easily understood, equitable definition of income, without any adjustments, is necessary for tax equity and justice.  A ten percent income tax on a billion dollars is $100 million per year.  A 10% tax on $20,000 income would be $2 thousand, and on a $1,000 income it should be $100, just like everyone else, so the burden of the cost of government is shared equally by all.

Exemptions, credits, subsidies, transfer payments, deductions, should be eliminated. Tax free giving, having children, buying a home, and all other deductions should be eliminated.

Any governments tax department should have only purpose; that should be revenue collection.

Transfer payments should be the exclusive activity of Health and Human Services, not the Internal Revenue Service. IRS should be exclusively focused on fair, equal and just revenue collection.

Equal taxation for all

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