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View Diary: Chart of the Day: Knifing the poor (42 comments)

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    •  Here are his Roadmap tax reforms: (2+ / 0-)
      Recommended by:
      hbk, BMScott
      This plan discards a needlessly complex and manipulative tax code, replacing it with a simplified mechanism that promotes work, saving, and investment.

      -- Provides individual income tax payers a choice of how to pay their taxes – through existing law, or through a highly simplified code that fits on a postcard with just two rates and virtually no special tax deductions, credits, or exclusions (except the health care tax credit).
      -- Simplifies tax rates to 10 percent on income up to $100,000 for joint filers, and $50,000 for single filers; and 25 percent on taxable income above these amounts. Also includes a generous standard deduction and personal exemption (totaling $39,000 for a family of four).
      -- Eliminates the alternative minimum tax [AMT].
      -- Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax.
      -- Replaces the corporate income tax – currently the second highest in the industrialized world – with a border-adjustable business consumption tax of 8.5 percent. This new rate is roughly half that of the rest of the industrialized world.

      Note the BOLD offering. This assumes you have an IQ < 60. "Promotes saving"....

      -- Paul Ryan lying about money.

      "Stealing kids' lunch money makes them strong and independent." -- Rand Ryan-Paul von Koch

      by waterstreet2013 on Fri Apr 04, 2014 at 04:57:49 PM PDT

      [ Parent ]

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