Thin Tax Bill (Withdrawn)

[DanielX]

Proposed amendment to the thin tax bill.

Change sections 4, 5, and 7 to:

"4. A household minimum income unit (HMIU) shall be defined as the total of the following:
- $17,500 for each income-earning member of the household over the age of 18 years, as well as non-income earning spouses of income-earning members;
- $8,500 for dependents (to be defined as children under the age of 18, as well as inviduals who are legally disabled and are unable to work), and all other household members.

5. The corporate minimum income unit (CMIU) shall be defined as $30,000.

7. All income above the HMIU (for households) or CMIU (for businesses and corporations) shall be taxed at a rate of 25%."

Anyone with enough time to figure out the financial implications of both versions? This modification increases the rate, but it exempts slightly more income.

[DanielX]

Perhaps to afford this tax bill we should just sell Alaska and Washington, I'm sure the Canadians will buy them at a reasonable price.

Siege

Ah... is Georgia going to sell Ossetia to afford its flat tax? Russia Siberia? Estonia... whatever?

[DanielX]

Perhaps to afford this tax bill we should just sell Alaska and Washington, I'm sure the Canadians will buy them at a reasonable price.

Siege

Ah... is Georgia going to sell Ossetia to afford its flat tax? Russia Siberia? Estonia... whatever?

Might be a good idea, Ossetia is in rebellion. But just kidding.

To afford this, probably the easiest thing to do is to gouge at federal highway spending and environmental packages. Of course, that would be politically difficult at best .

[DanielX]

Perhaps to afford this tax bill we should just sell Alaska and Washington, I'm sure the Canadians will buy them at a reasonable price.

Siege

Ah... is Georgia going to sell Ossetia to afford its flat tax? Russia Siberia? Estonia... whatever?

Might be a good idea, Ossetia is in rebellion. But just kidding.

To afford this, probably the easiest thing to do is to gouge at federal highway spending and environmental packages. Of course, that would be politically difficult at best .

Good idea, let's gut highway spending, I don't drive anyway. Airforce One.

Siege

Actually, I was going to suggest that there be highways funded by tolls and maybe service plazas or something. You use it, you pay. Think about the New Jersey, Pennsylvania, or Florida Turnpikes, or the New York State Thruway.

[DanielX]

Perhaps to afford this tax bill we should just sell Alaska and Washington, I'm sure the Canadians will buy them at a reasonable price.

Siege

Ah... is Georgia going to sell Ossetia to afford its flat tax? Russia Siberia? Estonia... whatever?

Might be a good idea, Ossetia is in rebellion. But just kidding.

To afford this, probably the easiest thing to do is to gouge at federal highway spending and environmental packages. Of course, that would be politically difficult at best .

Good idea, let's gut highway spending, I don't drive anyway. Airforce One.

Siege

Actually, I was going to suggest that there be highways funded by tolls and maybe service plazas or something. You use it, you pay. Think about the New Jersey, Pennsylvania, or Florida Turnpikes, or the New York State Thruway.

Perhaps you should introduce a Highway Bill then Senator.

Siege

I might... but RL issues are becoming a concern (College!). I might take a leave of absence soon (probably Saturday-Friday or Friday-Friday). Plus, I'm a little slipshod with the jargon needed in bill-writing. That's why I want to be president: all I'd have to do with bills is sign my name or smack a veto stamp.

[DanielX]

Aye

[DanielX]

I hereby withdraw the bill, contingent on the amendment's failure. If it succeeds, then the bill stays.