The Big Ideas Project

Eliminate the corporate income tax - The system that we have today makes US companies uncompetitive on the worldwide stage. Companies spend way too much time figuring out how to minimize their taxes instead of delivering excellent products and services to their customers. So eliminate the corporate tax and let US businesses flourish. Besides, everyone knows that taxes paid by corporations are actually paid by customers so let's just be honest with ourselves and just eliminate it.

Submitted by bill in Taxes & Budget Dec. 22, 2014, 5:15 p.m. 1

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#2265

19 votes

Tax proposals need to promote the restoration of the middle class. All proposals oriented toward raising money for the operation of the government are punitive, if they cannot cause growth in one way or another. Wages have dropped as a result of globalization. Income inequality is a symptom, not a cause. Tax reform of any kind should address the cause. We need to attract business growth in the U.S..

Submitted by Robert B. from MI in Taxes & Budget Jan. 8, 2015, 6:41 p.m.

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#2265

19 votes

don:t put anymore taxes on the senior citizens

Submitted by ann s. from OH in Taxes & Budget Jan. 9, 2015, 9:18 a.m.

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#2281

18 votes

Implement income tax surcharge of 10% to be divided 50:50 between retiring Iraq War debt (all 2 trillion of it) & infrastructure investment. Keep inplace until whole debt is paid.

Submitted by Kitty in Taxes & Budget Dec. 10, 2014, 11:58 p.m.

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#2281

18 votes

Abolish income taxes on all levels of government and substitute it with a national sales tax of 27%. abolish state and local sales tax as well. the federal government should distribute a portion of the sales tax to states on a per capita basis. food (anything that is made for human consumption) , primary homes and all medical items will be exempt. this will take away all income tax loopholes.

Submitted by Vince B. in Taxes & Budget Dec. 10, 2014, 5:06 p.m.

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#2281

18 votes

Freeze all discretionary spending until the federal budget is balanced.

Submitted by Rohit K. from VA in Taxes & Budget Jan. 5, 2015, 4:51 p.m.

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#2291

17 votes

Within 20 years 20% of National GDP will be collected in federal taxes. Within 20 years 20% of a state's GDP will be collected in taxes. Currently federal taxes are around 16% total of GDP.

Submitted by 20 in 20 in Taxes & Budget Dec. 10, 2014, 4:19 p.m. 1

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#2291

17 votes

Eliminate hard currency completely. Mandate all consumer transactions be made via credit or debit cards. This will essentially do away with underground, black-market and smuggling activities; not to mention under-the-table employment and unreported income.

Submitted by Tom R. from OH in Taxes & Budget Dec. 10, 2014, 10:25 a.m.

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#2291

17 votes

To advance home ownership we should allow first time home buyers to declare their rents on their taxes for up to 10 years and calculate the hypothetical savings they would have had if the rent were mortgage. The savings would accrue for up to 10 years and could be taken as a tax credit in the year a house is purchased. When selling the house the tax credit would have to be repaid

Submitted by John Belbute in Taxes & Budget Dec. 10, 2014, 3:01 p.m.

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#2291

17 votes

Prohibit regressive taxes.

Submitted by Derek Hofmann in Taxes & Budget Jan. 10, 2015, 3:48 p.m.

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#2299

16 votes

Each year, come income tax time, be given the opportunity to select one or more of the President's Cabinets to receive all or a proportion of our taxes for the next tax year. This would be true taxation with representation! Taxes going to different Cabinet departments would, like water, find its own level.

Submitted by H. DAVENPORT B. in Taxes & Budget Dec. 11, 2014, 10:14 p.m.

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#2312

15 votes

Make it possible for citizens to direct their tax contributions away from government activities that violate the taxpayer's religious, ethical, or morals beliefs. (e.g., warfare for Quakers, family planning for conservative Catholics, etc.)

Submitted by smendler in Taxes & Budget Jan. 4, 2015, 8:52 p.m.

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#2322

14 votes

Apply income tax surcharge of 10% to all income. Revenues divided 50:50 to Iraq/Afghanistan war debt retirement and infrastructure investment. Maintain until all debt retired. Apply transaction taxes to following financial transactions, derivatives (esp naked CDSs), all securitizations of subprime MBSs, debt & rental income securitizations, and all HF/HS transactions. Revenues divided 50:50 for bailout debt retirement incldg stimulus spending & infrastructure investment.

Submitted by Kitty in Taxes & Budget Dec. 19, 2014, 12:09 a.m.

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#2339

13 votes

Tax economic and social bads, untax economc and social goods.

Submitted by PJ in Taxes & Budget Jan. 10, 2015, 3:43 p.m.

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#2339

13 votes

Maybe look at a VAT Tax to help pay down the National Debt.

Submitted by Don B. from CA in Taxes & Budget Dec. 20, 2014, 5:15 a.m.

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#2339

13 votes

A new, more fair way to tax capital gains should be implemented. 1.) Any capital gains accrued within one year or less shall be taxed at the next higher tax bracket. 2.) Amy capital gain accrued within one to five years shall be taxed as ordinary income, at the current, applicable tax bracket. 3.) Any capital gain accrued after five years shall be multiplied by the minimum wage in effect when the investment was made, divided by the minimum wage, in effect when the gain was taken.

Submitted by Bobwarren in Taxes & Budget Jan. 7, 2015, 11:35 p.m.

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#2355

12 votes

The basis for real property tax assessments shall be the purchase price of the property, indexed by inflation. While the state legislatures may raise property tax *rates*, unelected government officials may *not* reassess property in order to raise property tax revenue without raising property tax rates.

Submitted by Terry Allen in Taxes & Budget Jan. 8, 2015, 9:30 p.m.

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#2355

12 votes

Reduce corporate tax rates for corporations that the top salary is no more than 10 times the lowest salary, bonuses and profit sharing are are paid as an equal percentage to all employees, unequally paid bonuses and profit sharing are paid from retained earnings, acquisitions and merger costs are paid from retained earnings, political contributions and none employee entertainment are paid from retained earnings as are membership and other fees paid to business groups that are politically act

Submitted by ACM in Taxes & Budget Jan. 15, 2015, 2:05 p.m.

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#2355

12 votes

Tax revenue on a particular activity ought to first go to regulating that activity or reducing the cost of that activity to the public (unless the point of the tax is to reduce consumption, such as sin taxes on cigarettes and alcohol). If there are funds left over or if there are no good related uses for them, then the revenues could be put to use on unrelated "needs."

Submitted by Timothy Salt in Taxes & Budget Jan. 9, 2015, 10:45 a.m.

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#2355

12 votes

Bring corporate tax rates down to compete with the rest of the world but close loop holes to make it revenue neutral.

Submitted by Tom in Taxes & Budget Jan. 8, 2015, 11:50 p.m. 1

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#2355

12 votes

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