posted on Oct, 3 2011 @ 03:12 PM
9% of $20,000 income has a huge impact on someone versus 9% on $1,000,000.
I am for a more graduated flat tax.
.0001% for every dollar you earn that goes up with income up to 50% total income. (So you make $1,000,000 you pay 50% in taxes, $500k you pay 50% in
taxes, you make $100k you pay 10% in taxes, you make $20k you pay 2% in taxes). So you can still be obscenely rich, as your tax rate will be capped
at 50%. Similar for corporations.
Also a national 1% sales tax exempting food and medicine.
And a transaction tax on all financial/stock trades of 1% or so.
A 1% tax on all legal settlements between corporations (lawsuits, etc).
Tax Penalties for imports or outsourcing jobs.