Posted on 04/19/2019 11:45:17 AM PDT by Brian Griffin
REAL PROPERTY PROTECTION AMENDMENT
Governmental financial impositions of any year with respect to any residential property without water frontage shall not exceed
1/40,000 the average annual federal civilian salary as of the end of the penultimate calendar year times
the sum of their square footage of finished living space and linear footage of public road frontage.
EMPLOYMENT/INCOME PROTECTION AMENDMENT
Federal/state employer/income taxation may be levied at no more than 24/20ths of the rates of January 1, 2019
on any person/entity having an annual income of less than
the average annual federal civilian salary as of the end of the penultimate calendar year.
Federal/state employer/income taxation rates/rate thresholds may be changed by no more than 1/20th in any year.
some Federal salary information:
https://www.fedsmith.com/2018/02/24/average-federal-employee-salary-states-compare/
"As of Apr 12, 2019, the average annual pay for a Federal in the United States is $98,229 a year."
https://www.ziprecruiter.com/Salaries/Federal-Salary
"Average annual salary for full-time federal government jobs now exceeds $86,635 and the average annual federal workers compensation, including pay plus benefits, now exceeds $123,049 compared to just $70,081 for the private sector according to the United States Bureau of Economic Analysis."
http://www.federaljobs.net/benefits.htm
Note and example:
A rate is a percentage such as: 10%, 15%, 20%, 25%.
A rate threshold is the income amount ($0, $12000, $33000, $66000) at which the tax rate become effective.
Example Schedule X - single filers
If your taxable income is over $0, but not over $12,000, your tax rate is 10% and your tax is 10% of your taxable income.
If your taxable income is over $12,000, but not over $33,000, your tax is $1,200 plus 15% of your taxable income greater than $12,000.
If your taxable income is over $33,000, but not over $66,000, your tax is $4,350 plus 20% of your taxable income greater than $33,000.
If your taxable income is over $66,000, your tax is $10,950 plus 25% of your taxable income greater than $66,000.
The caps are now referenced to the average annual federal civilian salary to adjust for monetary inflation.
This referencing is to the salaries the end of the penultimate (second to last) calendar year so taxation for 2025 would be capped based on federal salaries at the end of 2023.
My first proposed amendment would mean that owners of a 2,200 square foot house and 100x100 lot wouldn't have to pay more than about $6,000 in annual property taxation. That's clearly ample.
The second proposed amendment would mean that people making under about $85,000/year wouldn't have to pay much more income tax than they now do.
The fraction 1/20th is used instead of 5% so a 27% tax rate can't go to a 32% tax rate in a single year.
The term without water frontage is used so Democrats can't run commercials saying beachfront property owners will see an average 70% tax savings under the Republican proposal.
My feeling is that Amendment XIV should be used to fight against the excess taxation of waterfront property.
Other taxpayer protection possibilities under my review include:
1. Governmental financial impositions with respect to personal property shall be limited to sales and existing types of domestic excise taxation.
2. No governmental financial imposition or tax rate substantially greater than that of January 1, 2019 may be placed on any necessary product or service.
If you see a problem or have an additional suggestion, please post it.
Bear in mind that each proposed constitutional amendment must be of a nature that many Democrats in the House and Senate and in the state legislatures would have to support it or lose reelection.
Just repeal the 16th and 17th Amendments. Then abide by the 10th Amendment.
Anything else is unnecessary.
L
So your proposal is to tax middle and working class people out of existence? Go away.
I take it you don’t have waterfront property.
But your idea as to how local governments shall be funded?
Repeal the 14th and 19th as well.
“ust repeal the 16th and 17th Amendments. Then abide by the 10th Amendment.
Anything else is unnecessary.
L”
What Lurker said! The 17th was among the worst things that evil progressive woodrow wilson presided over. It was an an initial domino in the slump toward transnational progressive globalism. Pick a favorite term for the same old elitist communist BS.
We are holding on by the skin of our teeth!
KYPD
All income earned, investment, pension or otherwise shall be considered taxable.
All moneys collected shall be spent as follows:
1% shall be placed aside for use in case of formally declared war or national emergency.
2% shall be used to retire any debt the government may have occurred before the passing of this amendment.
Of the remainder one half shall be used to fund the US military and the remainder shall be spent in the way the US congress deems fitting.
No moneys shall be borrowed by the federal government to continue the normal working of the federal government.
In case of formally declared war by the Congress the tax rate may be raised to 12%.
In case of formally declared war by the Congress moneys may be borrowed but will be used only to fund the military. Any congress critter that tries to do otherwise shall be thrown down the steps of the Capital and then hung by the neck until dead.
If you tie taxes to government salaries, gov salaries will skyrocket.
So you’re giving up your social security and Medicare, I presume?
Since they can no longer borrow from those funds it should self fund from the SS and Medicare tax collected currently.
This is just income tax. I can not fix everything in one amendment. :)
Where do I sign up?
“So your proposal is to tax middle and working class people out of existence? Go away.”
These are caps to prevent leftists from taxing “middle and working class people out of existence”.
Right now there are no caps.
Amendment: Any time there is an annual trade deficit a mandatory 20% across the board import tariffs will be collected until such time there is a trade surplus.
Granted it is not perfect but nothing is and I think it would fix many of the problems with the current system.
The only thing that worries me is that it would give the government too much money to spend.
“I take it you don’t have waterfront property.”
Unfortunately, political reality prevents extending the cap to waterfront property.
Democrats in Miami-Dade and elsewhere will scream at any proposal that would cap the tax of a $25 million waterfront mansion at around $25,000.
Federal government salaries have already skyrocketed as I have written.
Taxes are already tied to government salaries at the state and local level.
“giving up your social security”
The kids could give their money directly to their parents.
Before Social Security, the duplex was the US retirement funding vehicle of choice. A couple would buy two housing units and live off the rent of one in their old age.
Buy-to-let is the UK choice of private retirement funding.
Twenty-five percent tax on income over $66,000? Property taxes of $6000 on an average home? You're doing the leftists work for them.
“Anything else is unnecessary.”
Politics is the art of the possible.
The Congress had the power to tax incomes before the 16th Amendment.
Congress could levy heavy income taxes and rebate (via Social Security or by paying the property tax of lower income folks in lower income states) even if the 16th Amendment was repealed.
Congress has the power to give back the taxpayer’s money it has taken.
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