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To: FocusNexus
"Cut corporate taxes to zero..."

...might get support for that, if taxes for sole proprietorships and partnerships are also nil. But property, inheritance and capital gains taxes should go first.

As a matter of course, revenues should be collected only through sales taxes.


2 posted on 01/17/2009 1:25:04 AM PST by familyop (combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
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To: familyop

I would throw the entire tax code into the trash and start all over with no write-offs, no deductions for anything. Married, single, environmentally conscious, home owner, turkey rancher, all would pay according to their income. I would go 10% on corporations, sole props, partnerships and capital gains. If you are a manufacturer (actually make something) and 50%+ of your payroll is American workers you pay 5%.

The so-called death tax should be eliminated as it is the most despicable of all taxes. I would implement a 7% tax on all income up to $50k and 14% for everything over that. I would have a 4% national sales tax on all sales and services with the only exceptions being all food products not considered a snack. I would try to put forward a law that stated any shortfall or future need to raise taxes would come from raising the national sales tax.

This way everyone feels the burden of taxes and all the BS that goes on in Washington would stop in a hurry. They would find ways to make due with the funds they had and would not dare even mention raising taxes. Their voting base of those who are less productive and could care less if taxes were raised would be gone. Congress would have to do their jobs and earn their pay. I think under this plan the economy would begin to start growing in a matter of several months. A few entitlement groups would be red-a$$ed when they saw cuts or eliminations of their particular entitlements but they would get over it, or not. The anger of the American taxpayer never seemed to get them anywhere, so they can get over it too.


3 posted on 01/17/2009 3:04:58 AM PST by WildcatClan (Obama is to the Presidency as Basquiat is to art.)
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