Two-Tone Tax Plan

[King]

Income Tax
8% is what we take out of your first $50,000 of income
6% is added on to that rate on income from $50,000 to $300,000 (14%)
7% is added on after your first $300,000 (21%)

Value-Added Sales Tax
5% on items purchased by individuals greater than $1000 plus alcohol, tobacco, and marijuana
3% on items purchased by individuals from $0.01 to $999.99 that could not be classified as:

0% on items that could be purchased with food stamps (groceries)

Corporate Tax
9% flat on corporate revenues

Pass it, smurfs.

[angus]

We can call it Jenny's Law.

[King]

We can call it Jenny's Law.

Perhaps the Tutone Tax Plan.

[Paul Kemp]

Excellent plan. Bad rhetoric.

[shua]

not bad, but I think this would take in less revenue than Herman's plan.

[A dog on every car, a car in every elevator]

This being on the 2012 board would be like 867-5309 winning the Grammy for best RnB song.

[Swing low, sweet chariot. Comin' for to carry me home.]

This being on the 2012 board would be like 867-5309 winning the Grammy for best RnB song.

didn't Jenny tell you?  she changed her number to 999

Late Edit:  oh, I get it...Tommy Tutone...Two-Tone Tax Plan....sorry, jmfcst is a little slow....from time to time

Late Late Edit:  and jmfcst doesn't always read the previous posts...obviously

[Bacon King]

I have to say that a Presidential candidate reciting, "8-6-7-5-3-0-9" during the debates would be much more amusing than Cain's annoying repitition of "NINE. NINE. NINE!"

[opebo]

Income Tax
7% is added on after your first $300,000 (21%)

Why would you want the top tax rate to be only 21%?  Do you realize that is a reduction from the current already destructively low level?

[The Vorlon]

0% on items that could be purchased with food stamps (groceries)

You mean we still don't tax crack cocaine?

how about tobacco and booze?

[white trash heroes]

0% on items that could be purchased with food stamps (groceries)

You mean we still don't tax crack cocaine?

how about tobacco and booze?

LOL LOL YEA THATS RIGHT WELFARE QUEENS LOL I MISS REAGUN!!!!

[bgwah]

0% on items that could be purchased with food stamps (groceries)

You mean we still don't tax crack cocaine?

how about tobacco and booze?

[realisticidealist]

Better plan:

86% Income and capital gains tax above $10,000,000
75% Income and capital gains tax above $1,000,000
30% Income and capital gains tax above $50,000
9% Income and capital gains tax from poverty line to $50,000


...not really. It's a joke people. I'm not opebo.

[opebo]

Better plan:

86% Income and capital gains tax above $10,000,000
75% Income and capital gains tax above $1,000,000
30% Income and capital gains tax above $50,000
9% Income and capital gains tax from poverty line to $50,000


...not really. It's a joke people. I'm not opebo.

Actually that's a very reasonable plan.

[Verily]

Better plan:

86% Income and capital gains tax above $10,000,000
75% Income and capital gains tax above $1,000,000
30% Income and capital gains tax above $50,000
9% Income and capital gains tax from poverty line to $50,000


...not really. It's a joke people. I'm not opebo.

Eh, not much different from tax rates in the 50s-70s. Certainly not dangerous or anything.

[King]

not bad, but I think this would take in less revenue than Herman's plan.

It might take in slightly more after I thought more seriously about this (joke) plan for awhile later today.  Our 9s would be both in the same corporate tax.  The sales tax would be significantly less, but still substantial and less regressive.  The income tax of 8-14-21 bracket compared to 9 flat would probably make up for the lower sales tax.