TeePee4Prez
Flyers2004
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Posts: 10,479
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« on: September 01, 2004, 01:33:40 AM » |
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Individual rates in a 6/9/12/15/n+3... up till 42%. That way no one will be paying more than 50% in income taxes. The 39 and 42 rates will only be reserved for the extremely wealthy. Eliminate state sales taxes like Nym said to grow the economy. Lowering maximum capital gains does not help the economy, I don't know hwo thought of that idea. In fact it provides more of an incentive to sell your stock. I will say though, as an accounting major, that corporate "double taxation" should be eliminated as should many loopholes. I would create a new concet called a "retained earnings" tax which would be flat at 15% because no two companies are the same size and employ many different people. however, any dividends and respective capital gains, stock options, etc. would be taxed at the individual's marginal rate.
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