TheProgressivePatriot
Gold Member
- Jun 11, 2015
- 27,513
- 7,937
Another person who has delusions of being a constitutional scholar .Yep. Someone keeping their money is, wait for it.... keeping their own money! Fk, how stupid are you?Are you seriously going to challenge an exact definition of subsidy? Are you a fool, ignorant, or just plain stupid?
So you agree that tax breaks are subsidies.
OK so LET's do away with ALL Deductions...i.e. tax breaks now here are the top 13!
Oh by the way the Federal government calls them "Tax Expenditures"... meaning ALL INCOME belongs to the government and these are the "expenditures" that are allowed
to be deducted from the income... i.e. "EXPENDITURES"!
What are the largest tax expenditures?
So let's do away with #1... i.e. Employers can deduct medical premiums.$235 Billion!
And how about # 5 and # 6... $140 billion spent on employee pension plans.
Hey here's another one let's do away with... # 7 Mortgage interest deduction.. $68 billion...
All right while we're at it... # 10 Child credit expenditures @ $54 billion.
Mind you these are all TAX breaks given to Americans when figuring out their taxes. almost a $.5 Trillion tax breaks to most Americans.
View attachment 189870
Or we can benefit all;
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2018 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2018 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
Or we can benefit all;
Your faulty math doesn't benefit all.
Most of your "ideas" are unconstitutional.