tarheel-leftist85
krustytheklown
Jr. Member
Posts: 1,274
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« on: August 21, 2005, 12:33:26 AM » |
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Ideally... 00% $ < 30,000 06% 30,001 < $ < 45,000 12% 45,001 < $ < 60,000 18% 60,001 < $ < 75,000 24% 75,001 < $ < 90,000 30% 90,001 < $ < 135,000 36% 135,001 < $ < 180,000 39% 180,001 < $ < 225,000 42% 225,001 < $ < 300,000 45% 300,001 < $ < 375,000 48% 375,001 < $ < 450,000 49.5% 450,000 < $ Abolish all loopholes, except a $1500/child tax credit. Inheritance Tax: 00% $ < 375,000 15% 375,001 < $ < 750,000 30% 750,000 < $ < 1,500,000 45% 1,500,000 < $ I'm positive this would result in the elimination of the deficit in a year if spending is checked (but that's asking for too much from our current president who wants corporate welfare--welfare for abstract entities, rather than real people). I'm sure our military wouldn't be underfunded anymore either (like Cheney's wanted to do since the 80's).
State: No sales tax. 00.75% $ < 30,000 01.5% 30,001 < $ < 45,000 03.0% 45,001 < $ < 60,000 04.5% 60,001 < $ < 75,000 06.0% 75,001 < $ < 150,000 07.5% 150,001 < $ < 225,000 09.0% 225,001 < $ < 300,000 10.5% 300,000 < $ We could increase the scholarships our state gives by 25% (my $26.8K scholarship for four years or $6700 would be $8375/yr!!!). Local: Property taxes on cars above $22,500 in value (2.25%), estates exceeding $225,000 in value (2.25%).
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