10% Max Taxes
January 15th, 2010You shouldn’t be paying more than 10% income tax. Period.
If the government can’t manage its budget with its citizens paying more than 10% of their hard-earned money to taxes, then that should be their problem. Not yours.
Government needs to learn to balance its budget. No more bailouts. No more lending money to countries that can’t manage their money. No more wars we don’t belong in.
No military-industrial complex. No corporate welfare. Limit welfare to two years except for Veterans and true handicapped people. Establish English as a national language. Sorry everyone else. Learn it. As far as I’m concerned, the only people who shouldn’t be forced to learn it are Native Americans.
All that should save money. Also, like it or not, we’re going to have to raise tariffs on China. This one way trade is killing this country’s economy.
So, I’d be fine with a progressive tax. I have no beef with that. If you’re poor, you pay under 10%, maybe as low as 2%. Or 1%. Whatever. 10% is for higher incomes. Middle class should be somewhere in the middle.
This 30-40% tax is bullshit and it’s strangling the Middle Class.
It’s already been proven that a 10% tax with NO deductions would more than pay everything we need. The rich whine about 30-50% taxes, but they wind up paying nothing after they deduct their yachts, private jets, vacations, etc. No tax deferral either. MN would have extra money, rather than a multi-billion deficit, if we collected all the back taxes that are owed.
I’ve also read that a nat’l 5% sales tax on ALL goods and services, including imports into the country, would eliminate income tax and still pay the bills. I think this would be a fair tax. Those that are consuming the most, pay the most.
BTW, what happened to Obama’s campaign promise to eliminate the tax credit for outsourcing our jobs?
Obama’s a loser. It’s a shame. My favorite part of his campaign and it’s about as empty as Bush saying he’d catch bin Laden.
I’m more in favor of the nat’l sales tax. That would get rid of the IRS and get rid of databases of information on you.
And yes, the rich pay less taxes. The middle class are the ones who pay them all.