Posted 1 year ago on Jan. 8, 2012, 1:22 p.m. EST by Thereisnoplan
This content is user submitted and not an official statement
Messages blurred and points lost. Why? The majority agreed and crafted their message of a giant middle finger. Where is your plan? I am new here. I tried to stay out. One of your numbers pushed me and tried to shove your view down my throat. Make a plan before someone makes one for you. Better yet I will make one. Deal? Please try reading it without Bias.
--This is a 2 part plan and only pertains to personal income (not corporate)--
First: Remove all taxes and create a flat income tax; 12-15% should be perfect. Anything more than 15% is to much. If the federal government can't last on 15% of the populations income, then they are spending to much.
Second: Establish a solid and static poverty line. 40,000 a year is an adequate number for the United States poverty line. (I believe its around that figure already) Anyone below the poverty line stops paying income tax. Anyone above the poverty line pays the difference between their income and the poverty line. For example; If you make 60,000 a year, you pay 12-15% of 20,000. (2,400-3,000% per year) This way you can't be taxed into the poverty line, and raises incentive to make it out of poverty. Eventually the deficit would fix itself; Spending would have to be cut, and in turn lowers the deficit.