Political Economy 2011, A Call to Action.
Restructuring a new Federal State Tax System.
I think we relies our current; Federal, State and Local Tax
System is broken and has failed. The current taxation
system at all levels is nothing but a failure that penalizes
average Americans and empowers the Wealthy,
Well Healed, Well Placed as well as Corporations and
Trusts. We also have to look at the current system and any
modification or upgrades as useless and one that will
not raise the necessary revenue to move our nation forward.
Let’s get right to the point. We need a
National Unified Quasi Federal, State
and Local Taxation System. Three things
or categories need to be satisfied first. One, How are the
revenues divided among the Federal, State and Local
Governments? Second, how the revenues would be raised,
taxed and who? Third, what would be prohibited
as far as taxation?
Keep in perspective that any taxation system must meet
several criteria to be able to work. Any taxation system
must be; fair, transparent, understandable, enforceable,
financially efficient, supportable by the public
and economically sound. Obviously our current taxation
system is none of these and does great harm and peril to
the American Public at large. The current system only favors
the Wealthy and Well Healed, Well Placed and
Corporations and Trusts like; General Electric Company
that paid no taxis, Oil and Gas Industry that has more
deduction than God has blessings to provide us.
I think I made my point. Let’s move on.
One, How are the revenues divided among the
Federal, State and Local Governments?
The new “ National Unified Quasi Federal, State and
Local Taxation System “ would divide all revenue like this; 55 %
would go to the Federal Government, 30 % to the current State’s
in the United States, 15 % to Local County Governments.
Each State and their County Governments would get
their 45 % as follows.
If we look at the 45 % as 100 % of all State and
Local County Governments revenue for each set of those
governments States / Counties share of the revenue it would
look like this, 1/10 would be equally divided between each
State and County Set of Governments. The other 9/10 would
be divided among the State and County Government
based on population.
Each State Government would have only 30 counties. 1/10 of the
15 % would be divided equally among them for each County.
The other 9/10 of 15 % would be divided by population Pro Rata.
Second, how the revenues would be raised, taxed and who?
The raising of revenue would work like this. Any and all Corporations or
Trust over 500 M $ in annual revenue a flat 18 % General Revenue
Tax on all of their revenues. No Deductions, No Abatements and
No Exemptions as well as No Exceptions. Any of these economic
types would pay 0 taxes under 100 M pro rated up to 18 % at
and above 500 M in annual revenue.
This next section would only apply to Corporations and Trust
and economic entities over 500m $ in annual revenue.
Also any and all Corporations and Trust would Generate
through Delusion a New Issue of 10 % of all stock that exist in
their economic entity common shares the Federal Government
would receive, hold and manage as government property as revenue.
The Federal Government could; Keep the Common Stock Long Term.
Sell any Portion there of at the Federal Governments Discretion,
Receive any and Dividends and any Special Payouts.
The Economic Entity, Corporation or Trust would not have to
provide any new stock to the Federal Government unless
new stock was issued or a merger took place. Also any new
owned or created subunit - Corporation or Trust owned by
the existing entity would have to meet the same test or standard.
No work around or shrude lawyering would be allowed through
proper enforcement, Regulations and Statutes. No Deductions,
No Abatements and No Exemptions as well as No Exceptions.
Additional Special tax on the Wealthy and Well Healed and
Well Placed. 19 % Annual Flat Income Tax on all Earned,
Unearned and Royalties Income would be leved.
This would be on Individuals or Families filing jointly
over 500,000.00 $ in annual revenue. No Deductions,
No Abatements and No Exemptions as well
as No Exceptions. From 300k to 500k pro rated tax up to
the 19 % for those over 500k. No income tax for anyone
under 300k.
There would be no; other type of flat tax, VAT tax, propperty
tax, sales or excise tax, death tax, gift tax, transfer tax,
short or long term earned unearned royalty or working interest tax
or any other form of tax leved on the American Public or on
corporations, trust or economic entities except the
previous taxes stated.
Keep in mind that the US Federal Government through
the Bank of the United States of America will also be
involved in banking and financial service, power plant
construction an operation, public utilities construction and
operation, airport and harbor construction
and operation as well as other major projects directly
and in joint venture with business and industry.
This will eventually bring in substantial revenue
and national income.
Third, what would be prohibited as far as taxation?
No other form of taxation could be leveed under any
circumstances on the American Public at Large.
Fees could be charged for transportation on public
conveyances, tuition for Federal, State or Local Colleges
and Universities. All other fees would be subject to
Federal District Court Review and subject to possible
reversal and sanctions regarding illegal attempt to
apply illegal taxes.
We could go on and on about the tax code, I do not think
this is necessary. If anything this process described above
would energize our economy and the entrepreneurial sprite
in America. This process above would dramatically drop
cost. Just think of all those Lawyers, CPA’s and other
professionals that would have to find lawful gainful
employment in our economy and the productivity
that would be raised. Not to mention the money in our
economy that now would be available due to the cost
savings. God Bless America.
" The whole world is watching ".
" Let Justice Be Done, No The Heavens Fall ".
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