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About
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- Brutal_Truth
- Joined
- October 2011
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- 105
- Last Active
- February 2012
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Brutal_Truth
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MysticBardJust wanted you know I appreciate your input here hoping you and yours are having good holidays.December 2011
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MysticBard$250,000,000 tax rate 25 %
Products
Food - Clothing 0%
All other merchandize 6.5%
Cars
Electric Hybrid 0%
4 Cylinder 4%
6 Cylinder 6%
8Cylinder 8%
12 Cylinder 12%
Boats
Electric 0%
All other Boats or Water Vehicles 12%
unless sales price is over $250,000.00 then 17.5 %
Motor Homes 12% - 17% depending on gasoline assumption
Housing
Resident Homes 1% of Value Until age of 62 when it becomes 0%
Second Homes or Vacation homes 2% on value of the home
November 2011 -
MysticBardThis is just a quick outline to work off if a flat tax idea for the present situation of getting our government's dept down is as important as they say it is.
Income
0 – $15,000 tax rate 0
$15,001- $30,000 tax rate 5%- 10 % depending on marriage status number of children and other Deductions which might be considered
$30,001- $65,000 tax rate 10%- 12.5 % depending on marriage status number of children and other Deductions which might be considered
$65,001 -$115,000 tax rate 12.5%- 15% depending on marriage status number of children and other Deductions which might be considered
$115,001 - $175,000 tax rate 15%- 17.5 % depending on marriage status number of children and other Deductions which might be considered
$175,001- $250,000 tax rate 17.5%- 20 % depending on marriage status number of children
$250,001-$1,000,000 tax rate 20%- 22.5 % depending on marriage status number of children
$1,000,001 - $250,000,000 tax rate 22.5 - 25 % depending on marriage status number of chiNovember 2011 -
MysticBardjust throwing ideas out there
A flat tax (short for flat rate tax) is a tax system with a constant marginal tax rate. Typically the term flat tax is applied in the context of an individual or corporate income that will be taxed at one marginal rate. Flat taxes in application often allow certain deductions and thus are a special case of a proportional tax.
From Wikipedia, the free encyclopedia
These is just a quick outline to how a Flat Tax could be set up until the Federal Governments Budget is
OUT of dept. (This is just the start of what needs to be organized to make something workable that is fair and will get our government operating with a balance budget.) Afterwards the % rates could be lower to match the Governments new Budget which should be regulated
to where any business transactions with private business or foreign governments would be audit and penalties be put into place for any misappropriations and/or misusage of said funds.
This is just a quick outline to work offNovember 2011 -
