Forum Post: Tax Plan to Help Economy
Posted 12 years ago on Nov. 14, 2011, 10:33 a.m. EST by integritylive
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Tax: A flat tax of 50% and a newly instituted tax of 50% on bonuses. (No importation tax, drives away business and encourages other countries to tax our exports.) Small businesses: Assist in growth of small businesses through tax breaks. (small businesses are the ones hiring during an economic crisis because a large business will be busy with cheap labor overseas as to protect its money.) Alternate Energy: Invest in renewable energy, tax breaks for businesses that help the country. (allows for cleaner energy and opens up new avenue for jobs.) Cheap Colleges: The increased tax allows for the opening up of more cheap, community colleges. (so students don’t live their life in debt)
--> Do you agree? Disagree? Other Ideas?
Under 100k no tax Over 100k <500k. 20% over 500k 25%
No cap gains tax rates and no itemized deductions
How does this help anyone? America already has some of the cheapest tax rates of the developed world. Tax allows for the government to put money where it is necessary. (colleges, war, disaster relief, national debt, etc)
Not when you add real estate taxes and state an local and state sales taxes.
Its an increase in actual or effective tax rates.
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