- Mar 26, 2003
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The American tax system.
Right now the American tax system is a huge complicated mess that target the meek masses, for all our international readers that don?t know the federal tax system is based on how much a person makes, so the more money you make the greater percentage of your pay is taken in taxes; for instance someone making $30,000 a year would pay ~20% in federal taxes, and someone making $90,000 would pay ~45%. Now this May sound fair but in reality it is not taxing the real money makers in this country (corporations and millionaires) that get paid by stock options. To help pay for this little war George W. Bush had the IRS hire and additional 10,000 agents to milk the masses.
So what could be better? How about a national sales tax of 20% instead of an income tax. We let essecinal food, clothing and medicine be tax free. Perhaps even low rent and education.
This way a poor person making less than $20,000 a year would taking public transportation to work, and living with Spittlebug in the ghetto would pay almost no taxes. Except when they go out to restaurant to eat, buy $100 pair of sneakers, or go see the town prostitute (oh yes that would be legal and taxable).
A middle income person making $65,000 a year living in a $100,000 condo driving a $20,000 car would pay his fair share.
And a high income person making $150,000 a year living in a $500,000 house driving a $50,000 SUV would pay a butt load of taxes when ever they spent money on the non-essincials.
A rich person or corporation would pay not on their income but every time they spent money on that $15,000 umbrella holder or that $6000 shower curtain.
We would save billions in getting rid of the IRS alone !!!
Right now the American tax system is a huge complicated mess that target the meek masses, for all our international readers that don?t know the federal tax system is based on how much a person makes, so the more money you make the greater percentage of your pay is taken in taxes; for instance someone making $30,000 a year would pay ~20% in federal taxes, and someone making $90,000 would pay ~45%. Now this May sound fair but in reality it is not taxing the real money makers in this country (corporations and millionaires) that get paid by stock options. To help pay for this little war George W. Bush had the IRS hire and additional 10,000 agents to milk the masses.
So what could be better? How about a national sales tax of 20% instead of an income tax. We let essecinal food, clothing and medicine be tax free. Perhaps even low rent and education.
This way a poor person making less than $20,000 a year would taking public transportation to work, and living with Spittlebug in the ghetto would pay almost no taxes. Except when they go out to restaurant to eat, buy $100 pair of sneakers, or go see the town prostitute (oh yes that would be legal and taxable).
A middle income person making $65,000 a year living in a $100,000 condo driving a $20,000 car would pay his fair share.
And a high income person making $150,000 a year living in a $500,000 house driving a $50,000 SUV would pay a butt load of taxes when ever they spent money on the non-essincials.
A rich person or corporation would pay not on their income but every time they spent money on that $15,000 umbrella holder or that $6000 shower curtain.
We would save billions in getting rid of the IRS alone !!!