By: morbas

morbas — Tue, 27 Mar 2012 01:29:57 +0000

USA tax structure is the fault and an obstacle to worldly potential. Transaction tax code imposes disproportionate burden at the most fundamental rights of liberty, justice. Any encumbrance on sustenance is contrary to equality in the ’pursuit of happiness’.
We need a tax code that balances the budget and maintians a constant monetary supply and value. This resposive to population growth, and exclusive income taxation by the confederation.
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Tax Code Amendment
Taxation shall be with the consent of the people, and shall not encumber sustenance personal income. Taxation shall be yearly and exclusive to the confederation of states .
Tax sustenance margin level shall be controlled by plurality vote, and the income tax rate shall be graduated, and controlled by balanced budget and monetary supply dictate by the federal reserve board. It shall be nationally applied, allotting revenues 1/3rd Federal, 1/3rd State and 1/3rd City-County municipality. All revenue funds proportionally distributed between these thirds by voter turnout. Voter consent mechanism shall be a marginal tax threshold plurality judgment, made on each congressional election year vote of three choices 1) increase by 1%, 2) decrease by 1%, or 3) no change. All federal elections shall have a none of the above choice. This supersedes amendment 16 Income Tax; Congress shall not have the right to lay taxes.
On the first year of enactment, the sustenance margin shall be set at twice individual poverty yearly income($25,000).’ Income is defined as the sum total of all personal incomes. Couples may share income without restriction. (A couple would have an effective $50,000 threshold before paying graduated taxes.) A couple is defined as two persons with mutual family kinship by law. (examples: a) adults coupled by marriage, b) ‘adult or parent’ and child by law.
Import fee in the USA will be set at 99% the rate of the originator of corresponding imported goods. In the case of goods made from multiple components of multiple countries, the 99% fee will be set by the component of highest import fee of corresponding origin. The highest origin import fee shall be tersely defined with prejudice of any handling of said component(s).
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Comments on: Tax aides on tax reform: come lobby now, time may be short after the election

By: morbas