The Alternative Min. Tax (AMT) schedule for individuals is currently: $51.9K exempt. 26% thereafter to $179.5K, then 28%. Varies for married -joint, married-separate, trust and corp. Increase exempt to $75K, add 30% a $500K, 31% at $1M, +1% per $1M thereafter to 50% @ $20M, then $2% per $10M to 70% @ $120M. 85% at $1B. Marginal tax rates.
Lets change the taxation for big businesses to be something environmentally friendly, with tax breaks for using enviro friendly electric sources, and their products promoting enviro friendly products. lets offer a tax break if a big business helps a small business, for example if Aco hardware rented floor space to your Uncle for his blade sharpening business, Aco might be more willing with less taxes.
Pressure the President to mint a $100 Trillion 1 oz. proof platinum coin, have it deposited at the Federal Reserve, and use the proceeds to pay off the debt subject to the limit as it falls due and cover deficit spending appropriations for the foreseeable future. This action will destroy the primary political justification for opposition to progressive economic programs.
Major tax overhaul: only tax things that are not reproducible. Land should be taxed heavily and prevent companies from buying up land and leaving vacant until they can profit hugely from resale. Stop letting the realtors hold our housing market hostage. Items that are reproducible should not be taxed. Keep the laws simple and measurable to evaluate success of original intent.
ABOLISH INCOME TAXES. ! THESE WAS RULED UNCONSTITUTIONAL IN THE 1800'S. Replace with Corporate taxes, taxes on Churches (unless physically help the poor in the U.S.) AND HIGHER LIQUOR AND CIGARETTE TAXES and Luxury taxes. NO lifetime salaries for retired members Congress. This is NOT in the Constitution. ONLY that they shall be compensated for their time served.
Sibnce many people SAY they're "against war" but do not redirect their federal taxes (in effect BUYING war): Please pass a law which allows people to check off that NONE of their taxes submitted will buy war funding. The only exemption would be to support veterans benefits, nothing at all for the Boeings or other suppliers, no recruiting of young kids who don't know squat about anything..
National Sales Tax to replace the IRS and it's tax code. According to the World Bank the Gross Domestic Product of the US is nearly 17000 billion (170 trillion) for 2014. We need about 4 trillion for all the things we people want which would be a tax of about 2.5% on every transaction. Adjust the tax every 4 years to cover the budget and repay the national debt on a 30 year amortization schedule. There could be a tax on stock transactions that would contribute to lowering the National Tax.
citizens united made corporations people, tax them as people, corporations cannot own corporations, that is slavery, disband corporations after 49 years, about the same years a natural persons works to prevent the competitive advantage immortality in the market place. hold them financially liable for for mistakes they make that effect the public and unintended consequences of legislation their lobbyists pass.
Review and significantly increase all leasing of public lands, especially for grazing and natural resource harvesting and extraction, including a 1.5% tax on sales resulting from such activities. Put the money into public lands management, including regulatory development and enforcement. Ditto for entities exercising rights on other people's private properties.