- Posted July 27, 2011 by
Gate City, Virginia
This iReport is part of an assignment:
Will you still invest in stock market?
Here is the tax plan I propose. No taxes of any kind (i.e. sales, user fees) except income tax and Social Security tax. Everyone pays SSA tax on every penny they make. Lock box on SSA. From 10% above poverty line to median income 10% tax. Median income to three times median income 20% tax. Three times median to seven times median 30% tax. Seven times median to 12 times median 40% tax. Above 12 times median 50% tax. From these taxes give states 5% and local governments 2%. If you want to fund a war, enact a fitting war tax of a percentage of your tax bracket. All money made by sending jobs out of this country should be taxed at 95%. This is not perfect, but a good starting place.