OSR stands with Israel
Computer89
Atlas Legend
Posts: 44,781
Political Matrix
E: 3.42, S: 2.61
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« on: June 30, 2016, 04:27:47 PM » |
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Get rid of nearly all deductions in the federal income tax bracket and make these the rates
$0- $35,000: 0%
$35,000-$75,000: 8%
$75,000- $250,000: 16%
$250,000- $ 1,000,100: 24%
above $1,000,000 - 32%
The only deduction you keep or for business owners you can offer them up to a 50% deduction in taxes if they hire more people then they lay off , hire people in the United States,and give your employees good salaries.
On the other hand if you lay off more people then you hire, or outsource more jobs then jobs you bring back from overseas your tax rate can go up by 50%.
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