What is your dream tax plan? (user search)
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April 30, 2024, 06:02:06 PM
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  What is your dream tax plan? (search mode)
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Author Topic: What is your dream tax plan?  (Read 2748 times)
RaphaelDLG
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« on: June 14, 2016, 11:22:19 PM »

Lower nominal corporate tax rate to OECD average, eliminate all loopholes (get money out of politics first).

Aggressively tax estates above $1mil at close to 100%

Eliminate payroll taxes. 

Adjust income tax afterwards as necessary to be revenue neutral.  Maybe if someone can make a consumption tax really, really progressive and enforceable, do that instead, but I doubt it.
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RaphaelDLG
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Posts: 3,687
United States


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« Reply #1 on: June 30, 2016, 06:16:12 PM »

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%.

Is this revenue neutral?
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