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That's the best solution because those who don't report their income as it's earned via illicit means would have to pay tax when they buy something. No more perpetual tax holiday for them.
Agree! Considering our level of debt, made worse during the spring of 2020 when federal bonus payments were made (and necessary at that point), this $3.5 trillion pork-laden "stimulus" bill should be curtailed completely.* Right now we have businesses crying for workers, and everyone on unemployment compensation for more than 26 weeks at this point should be notified that benefits will stop in two weeks and they need to take one of the more than 10 million jobs now open.
*The only thing we should be paying for now are damaged bridges or other infrastructure in need of serious repair, where life is at stake. The LAST thing we should be paying for is how to fast-track illegals to citizenship, as is currently in the Democrat Anti-American Bill.
"*The only thing we should be paying for now are damaged bridges or other infrastructure in need of serious repair, where life is at stake.""
I keep asking those who propose this to give the DETAILS of exactly WHAT infrastructure, etc. they are talking about, NOT a SINGLE response.
"*The only thing we should be paying for now are damaged bridges or other infrastructure in need of serious repair, where life is at stake.""
I keep asking those who propose this to give the DETAILS of exactly WHAT infrastructure, etc. they are talking about, NOT a SINGLE response.
DETAILS do matter.
I don't think even the Democrats who are pushing the $3.5 trillion bill even now what this covers, other than "non-infrastructure" giveaways like expanding the welfare state and fast-tracking illegals to citizenship.
I'd suggest that every state follow a two-pronged approach, to be submitted to Congress:
1) Submit engineering reports on failing bridges and other "life-and-death" TRUE projects that are predicted to need repair within a year, along with an estimate needed for repair. These reports can be gathered within several weeks (it's not as if damaged bridges haven't had engineers looking at them all along), and the Congress can consolidate them, and approve the total amount within a month after that.
2) A second tier of projects predicted to need repair within three years. This second tier can be acted upon in 2022.
That's it. All free and expanded giveaways to voters should NOT be in this bill.
Lol flat sales tax..there is no country on this earth that has a graduated sales tax. All sales taxes are flat. But yes a VAT would probably be a good idea, you might even be able to fund a UHC system.
"*The only thing we should be paying for now are damaged bridges or other infrastructure in need of serious repair, where life is at stake.""
I keep asking those who propose this to give the DETAILS of exactly WHAT infrastructure, etc. they are talking about, NOT a SINGLE response.
DETAILS do matter.
As DCDonna pointed out, the nation's bridges are inspected and given a score to determine their relative condition. I'm sure someone could come up with a formula to determine priorities (such as, "X" condition compared with "Y" traffic volumes).
If you're looking for something specific, I would suggest the railroad tunnel under the Hudson River between New Jersey and New York City. One of the busiest and most strategically critical rail links in the country is served by a two-track tunnel that's over 100 years old. It should be four tracks, and it should be modernized and rehabilitated. I would go so far as to say that this should be the nation's Number One infrastructure priority.
Zero tax for those living off their own work/wages.
99% of tax for those living off unearned income.
No dollar limits.
No exceptions or loopholes.
Wait a sec... It means all the senators will be taxed through the roof - none of them works or ever worked. Guess the chances of this ever being accepted.
Tax the first $50k at 1%, and then add 1% for every $50k. So $200k in income would pay $5k in taxes ($50k * 1% = $500, + $50k * 2% = $1,000, + $50k * 3% = $1,500, + $50k * 4% = $2,000. Max tax rate would be 50% which would kick in at $2.45M. No loopholes, no deductions, no exemptions, and incomes would be adjusted for inflation. All compensation and investments (capital gain and dividends) would be treated as income. Capital gains would be adjusted for inflation as well.
$0 to $50k - 1%
$50k to 100k - 2%
$100k to 150k - 3%
$150k to 200k - 4%
$200k to 250k - 5%
$250k to 300k - 6%
...
$2,450,000 and up - 50%
Please explain to me the morality as to why some people must be forced to pay more taxes than others?
I’m a fiscal conservative and not a republican a real fiscal conservative.
I will also concede that the current tax brackets makes 0 sense that a dentist making 500k faces the same marginal tax bracket as an NBA player making $30M / year. There should be at least 3 more tax brackets if not 5 where there is an increase os 2-3% per bracket. That $500k would be 35% then $1M would be 38% then $2.5M would be 40% $5M 44% $10 47% and $20M 50%.
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