Showing posts with label deductions. Show all posts
Showing posts with label deductions. Show all posts

Wednesday, October 26, 2011

Pony Up Everyone!

If everyone is taxed at the same percentage, then what the heck is the problem?

Politics is the problem!

Why should I bust my butt to become wealthy if everyone wants to take half of my earnings to give to people that refuse to work. I don’t have a problem giving to those in need; yet, the country seems set on making everyone a person in need with the welfare programs and the crap that they teach in school nowadays.

Reform Welfare;

Get rid of the Department of Education (sending it back to the States control);

Cut back on the Department of Housing and Urban control;

Remove the legislative/law making authority from all the various government agencies;

Downsize the IRS through Tax Reform and send all the lawyers and accountants to work at the FBI – they can start investigating white collar crime and corruption in government; and

STOP all the growth of government by consolidating various entities and downsizing them through attrition (sp) until they reach the desired end strength;

Cap government spending to a percentage of the national GDP;

Lastly, Flat Tax everyone at 15 percent! Here are my suggestions for the only exceptions to any new tax code (and only for those making less than $250,000.00 a year (or $500,000.00 for filing married) -

- a deduction of $15,000 per (legitimate) person within the immediate household;

- a deduction for interest on the Cost of Housing;

- a deduction for State and Local Taxes;

- a deduction for Monies (only) Given to Charities (giving to your local Church will not count).

- That's it, no death taxes, corporate taxes, or deductions for businesses/new equipment or assessments, ect. If you make money on it - It's Taxed.

((Those individuals at the poverty level, and below, don't pay taxes (and herein lies the rub) - the individuals that work under the table for cash, that cheat us all, by not claiming the money as earned income.))

- - I SAY NO TO A NATIONAL SALES TAX! - -

Lastly, I'm not totally sure, but the people making $250,000.00 a year (or $500,000.00 for filing married) should get the excemptions also. After all, it should be fair for everyone - "across the board."