TeePee4Prez
Flyers2004
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Posts: 10,479
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« on: December 22, 2013, 06:16:17 PM » |
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Let me just add changes to current plan:
Individual
- Capital Gains, Dividends, and "Carried Interest" should be taxed at ordinary rates
- Eliminate oil/gas preferences
- Keep rates as is, but have a 42% rate for incomes over $1,000,000
Payroll/Self-Employment
- Eliminate cap on FICA
- Lower FICA rates to 2% employee/employer for a total of 4%
- Keep Medicare to 1.45% for employer/employee for 2.9% total.
Corporate
- For Classic "C" Corps
0% from o-100K
10% from 100K-200K
20% from 200K-500K
30% from 500K-2M
35% from 2M and up
Another idea..... Cash and Cash Equivalent Property Tax for any entity that has an amount over $50 million with an offsetting hiring credit. I can't explain the math on how I'd got about it, but the idea is to keep money flowing through the economy rather than have cash hordes.
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