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CALL TO REPLACEMENT INCOME TAX WITH THREE SMALLER TAXES TO HAVE BETTER GOVERNANCE

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--3% tax on third $15,000 earned, etc.

--Until a 10% tax cap is reached on earnings over $150,000

 

In my proposal, the federal government would be required to run 3 different sets of such graduated taxes to replace the current one.

 

The current U.S. system is a tax practice which relies too heavily on both an open-ended or an undifferentiated contract between national state and taxpayer, i.e. This allows the federal government to employ a taxing procedure only based on income (and is barely progressive) to provide the federal government with an-all-purpose purse (very non-transparent) to distribute moneys to various government departments and government projects in the USA and abroad. 

 

The three-tax system I am proposing to replace the single screwy income tax system now in effect in the USA would be named simply “the three taxes”. 

 

These three taxes would have clear names and objectives.  They would be: (1) the education and social infrastructure tax, (2) the management of sciences, technology, and physical infrastructure tax,  and (3) the security and defense tax.

 

The purpose of giving these taxes these 3 names is so the tax payer knows how the tax is to be used and clearly reminds congress how the taxes are to be used. 

 

At a time when Americans are clamoring for a National or better health care structure it is extremely important to have 1/3 of the budget set aside for social infrastructure and education—don’t you agree?

 

This clear and common focus among the three taxes should lead to greater transparency in management of all U.S. tax dollars—especially in the run-amok security and defense industries feeding off USA tax payers.  Auditors could be used to determine how any one of the three tax departments could legally operate, account for its spending, or--in an emergency--conduct a transfer between the three tax funds.

 

In replacing the current USA income tax system,  each of these 3 smaller taxes would be capped at 10%  of income levels—even for those individuals and companies earning $150,000 per year.

 

Therefore, no tax payer or company would ever be required to pay more than 30% of his wages in any one year to the federal coffers.

 

This foreknowledge of how the new taxes are to be spent should also stimulate investment and growth in investment across the board—especially when the percentages of taxes at each grade of earnings is reduced by the federal government as the needs and opportunity arises..

 

Moreover,  the federal government could choose to exempt (to some degree) at various tax grades those peoples who are unemployed, underemployed, impaired, taking care of large families, assisting their elderly parents, et. al from a portion of their taxes in each of the three categories of taxes.

BENEFITS IN TRANSPARENCY FOR ALL TAXPAYERS 

The most obvious direct benefit of the proposal is that the new triple-tax system replaces the non-transparent income tax system currently used.

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KEVIN STODA-has been blessed to have either traveled in or worked in nearly 100 countries on five continents over the past two and a half decades.--He sees himself as a peace educator and have been-- a promoter of good economic and social development--making-him an enemy of my homelands humongous DEFENSE SPENDING and its focus on using weapons to try and solve global (more...)
 

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