Comments on: What Strange Taxes May Be in Store for the Future: New Tax Proposals and Taxes Far From Approval http://blog.turbotax.intuit.com/2011/03/24/what-strange-taxes-may-be-in-store-for-the-future-new-tax-proposals-and-taxes-far-from-approval/ It's all about the refund Tue, 21 May 2013 20:45:12 +0000 hourly 1 http://wordpress.com/ By: Gabriela http://blog.turbotax.intuit.com/2011/03/24/what-strange-taxes-may-be-in-store-for-the-future-new-tax-proposals-and-taxes-far-from-approval/#comment-32642 Mon, 12 Mar 2012 07:00:41 +0000 http://blog.turbotax.intuit.com/?p=5907#comment-32642 Most rich people are rich baesuce they can collect a premium from the people they employ, not baesuce they are more innovative or more willing to take risks. Indeed, the rich are mainly risk averse especially as their corporations get larger. Their main talent is preventing innovation by others due to their advantages of scale. This is why a decently set up cooperativist movement will eventually beat capitalism if it provides incentives for actual innovation rather than conformity.My plan is a slow and accelerating move to personal accounts to replace Old Age and Survivors Insurance, with personal accounts holding shares in the employing company (2/3rds and in an insurance fund of all such companies 1/3rd which gives 1/4th of shareholding strength the ability to convince the insurance fund to join with them to take over the company should their be any malfeasance thus keeping mangement in line). I would take the cap off of this tax and eventually make it employer only funded, with each employee getting an equal share of the employer contribution so that age cohort members all have the same voting strength regardless of salary. Note that this equal strength will eventually lead to open auctions for management positions, which will flatten salaries and take care of the equality problem.I would have a 13.3% VAT to fund discretionary spending which takes place within CONUS both military and civil.A 4% to 28% income tax would fund debt repayment, net interest and overseas military adventures and naval sea deployments the higher rate accounts for the fact that a VAT only collects so much from the rich, who spend less at higher incomes.A 33.6% business income tax would fund the social service departments, including health, education and corrections (which should be medicalized since most of these costs have to do with the war on drugs). This includes 6% which will be refunded back to families through their employers for a $6000 per child tax credit and to preserve the employer health insurance exclusion. Under this tax, all value would be taxed (not just profit).This chimes in with the Treasury estimate of what a Fair Tax would cost, by the way. 47% is the rate the Fair Tax would really cost.

]]> By: Robitj http://blog.turbotax.intuit.com/2011/03/24/what-strange-taxes-may-be-in-store-for-the-future-new-tax-proposals-and-taxes-far-from-approval/#comment-27825 Sun, 03 Apr 2011 13:14:42 +0000 http://blog.turbotax.intuit.com/?p=5907#comment-27825 Maybe a tax on those who propose taxes on things that were never taxed before? Make it a hefty tax. Lets see how dedicated they really are. Let’s add a tax on those who also propose raising any taxes now in existence?

One important add-on…you cannot tax me for proposing this. Even if you do…see below.

While we are at it…Reward those who successfully reduce any taxes that we currently pay and reward those who eliminate taxes on something that we currently pay. Let’s really put Capitalism to work..

]]> By: randy http://blog.turbotax.intuit.com/2011/03/24/what-strange-taxes-may-be-in-store-for-the-future-new-tax-proposals-and-taxes-far-from-approval/#comment-27824 Fri, 25 Mar 2011 05:04:05 +0000 http://blog.turbotax.intuit.com/?p=5907#comment-27824 Who designed this? Seriously not even close to an infographic. Also is hard to read with colors like this.

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