Posted on 03/12/2023 6:26:13 AM PDT by zeestephen
Raise corporate tax rate to 28% from current 21% - Impose minimum 25% income tax rate on households worth over $100 million - Increase the 3.8% Affordable Care Act tax to 5% on Americans earning more than $400,000 - Close ACA tax loopholes - Increase top marginal income tax from 37% to 39.6% - Quadruple the corporate stock buyback tax from 1% to 4%.
(Excerpt) Read more at cnbc.com ...
Yeah, theoretically, if people don’t alter their behavior to lower their tax burdens. Someone once sketched a curve on a napkin to illustrate the principle. It’s a simple and commonsense concept.
Send the 87,000 new IRS agents after drug dealers and coyotes who smuggle illegals across the border. Well, most of them. Leave a few of the new guys in the office to answer the phone when somebody calls. And open the mail, so you don’t have to shred 1099’s that you demand small businesses mail in.
Well how dare they employ strategies to reduce paying their fair share to our glorious leader!
Greedy bastards!
Tax and spend
That's the DemonRat constituency.
Yes, our favorite political party is in bed with the drug and slave (trafficking) trades.
Still waiting for the government to cut spending…….
Why don’t conservatives finally do a presentation on how you can donate to the federal government? These liberals crying for more taxes obviously are unaware of this. Heck allow it to go to national debt if it will make them happy. Conservatives do not know how to fight at all!!!!!
They would raise more revenue with a flat 10% income tax and a small VAT.
Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.
Learned Hand
VAT requires a NEW government bureau to ‘assess added value’ (V= value, ‘A’= added) at each stage of production.
The VAT is the single worst tax EVER!
If that is true using the term “worth”, then it will be a wealth tax.
That sounds more like a wealth tax than a income tax.
No kidding. Declare your net worth on a 1040 return? Under penalty of law?
That is a bridge way, way too far.
So how is the household value assessed. Are we, each and everyone going to have to list all our assets and their current market value? Every year?
Is this where those 87,000 new employees are going? To check up on every filer to see if they have done this and done it accurately, in accordance with the new 200 pounds of printed laws on how it is to be done?
Gee, look at me, I forget to pay myself again, guess it takes some capital gains....
How about a 25% federal excise tax on small money transfers out of the country to discourage the hoards of illegals from sending money back home? How about tripling the fines for employers hiring illegals? How about a 25% federal excise tax on the purchase price of a vehicle and on car insurance for anyone not a US citizen or here on a green card and immediate deportation for any illegal not having car insurance on their vehicle. Shift the tax burden to the illegals and take care of two problems.
There is no such thing as raising the rate on corporations and making them pay, aside from the fact that it will hurt the economy, corporations don’t pay taxes, we do, all they will do is pass the increases on to the consumer.
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