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.
The posted schedule was simply for explanation of the terms ‘rate’ and ‘rate threshold’.
In the age of TurboTax, millions of people have never seen a tax rate schedule.
The rates that the amendments would be based on would be the so-called ‘Trump’ tax rates that were law as of January 1, 2019, as stated near the top of my posting.
I am proposing caps on tax rates.
Right now, there are no constitutional limits on income tax rates. If a Democratic Congress wants 70% of your income, it can levy a 70% rate on your income.
I don’t have the Internet at home, so I had to make up a schedule instead of downloading the lastest IRS schedule.
Single Filers
$0 - $9,700 10%
$9,701 - $39,475 12%
$39,476 - $84,200 22%
$84,201 - $160,725 24%
I believe those are the January 1, 2019 rates of interest for single filers.
If you really want to cap income tax, why not make it simple and have a flat tax?
The progressive tax scheme is just a shell game. Heck even your plan, assuming 100k of income, filing jointly, with two kids, is about the same as it is now (actually I think your way is a touch higher).
If we have to have an income tax, it needs to be flat and needs to apply to all income (make one dollar pay 10%, make a million pay 10%)
The last, and in my mind the most important part, is to remove withholding. Americans are numb to taxes and since it is taken from the check before they see it, it does not burden them. Burden the American tax payer with tax collectors at their door, and I think you will be surprised how many Americans start caring about where their hard earned dollars are going.
“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.”
It’s at least 22% now for single filers.
My guess was 3% (25% vs. 22%) off.
Are the feathers on hand and the tar hot?
A 2,200 square foot home is considerably above average in size. On my street, most homes are about 1,000 square feet,+-200 square feet.
A 2,200 square foot home in my area of Florida without water frontage would have an average tax of around $3,500 if bought recently and would continue to have such a tax.
A federal constitutional cap on real property taxation has to be set a level that only forces a few states to have make adjustments.
New York State would have to share income tax revenue more fairly with Metro NYC school districts.
“why not make it simple and have a flat tax?”
Our country has traveled too far down Communist Manifesto Way for absolute flat rate taxation.
Lower income people often pay large percentages of their income in sin taxation.
Bear in mind, the refundable tax credit schemes are the worst feature of our system.
So you’re a Millennial looking to screw your elders out of what they’ve been putting into for decades?
The elders have been taking out far more in medical expenses than they put in for, however, with it only projected to get worse:
https://www.pgpf.org/chart-archive/0087_medicare_financing
No man is ever free if he must pay the government for permission to live in his own home or on his own land. Any amendment must eliminate all taxes and the ability of any future government or governmental entity to levy any tax or fee on the real property of any individual or family. No exceptions for size or location or use.
Government would never allow withildings to be discontinued because it is too convenient of a method.
“The Congress had the power to tax incomes before the 16th Amendment.”
No, it didn’t. Lincoln tried it and SCOTUS slapped it down. Have you ever actually taken a class in American history?
L
Perhaps you simply assumed.
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