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| *Loan,banking and credit>>>income tax |
Income tax concepts, tax in another way that is more fair? |
the government taxes the wrong area. they always have...the real money for the government will be shielded by the wealthy and special interests. dont tax income.. tax assets....assets of individuals and corporations....land, cars, money in the bank, gold, money in swiss banks, drugs, jewels, basically everything.etc... ....by taxing assets, we truely tax evenly and fairly. and by an across the board tax of 1 % of assets of America, we DRASTICALLY lower the burden on typical Americans...and at the same time we can increase money to the government by several THOUSAND percent.....yes... assets not income. this would be the smartest thing the government could ever do. remember....a lot of American property and assets are foreign owned. tax assets income tax is a form of oppression for the poor and those unable to use "creative tax loopholes"... the only fair thing to tax...is assets.. think about it.. tax assets and help break the back of the corrupt wealthy elite It is actually a lot easier to maintain assets offshore than keep income out of the country. How would you plan to tax assets not in America and not registered in America. You say you want to tax money in Swiss Bank Accounts. How do you plan to do that? The whole point of Swiss banking is the privacy they guarantee - we would never know what was there. You would never be able to tax off shore assets. So your idea would see a rush of capital out of the US. The impact would be reduced investment in the US meaning job losses and the poor and middle classes paying tax on thier family homes. Im in support of a flat tax, no income tax persay. Here's another option I think you'll like....... www.fairtax.org Oh, I don't like that. Another asset is your retirement savings. But if the government is just going to tax it away why should I save it. Just blow it and mooche. Right now in States with property tax the number one victim of property taxes are elderly and disabled people that own their own homes. They are routinely thrown into the street, their assets seized (homes). Then auctioned off at a fraction of the value in which the taxes were based. They have fixed incomes so once they get behind on their property taxes they can never catch up and wind up homeless. |
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