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Micah Foehammer · 06-30-2011, 06:19 PM

How about these two changes?

1) Treat ALL income as simple income. Long term capital gains, short term capital gains, gifts, inheritances and wages are ALL subject to the same tax rate. NO exceptions.

2) Remove the income ceiling cap on Social Security taxes instead of the current 118k$ and make ALL income subject to that tax.

Those two changes alone would generate a minimum of 250 Billion $ (and possibly more) of additional tax revenue.

But hey, maybe the government should stop OVERSPENDING for once. Get spending under control instead of burdening taxpayers with higher taxes just to pay for programs that are just a waste of freaking money.

06-30-2011, 06:19 PM	#2
Micah Foehammer Ma'at - Goddess of Truth & Justice Join Date: November 15, 2001 Location: Asheville, NC Posts: 3,253	Re: Economy How about these two changes? 1) Treat ALL income as simple income. Long term capital gains, short term capital gains, gifts, inheritances and wages are ALL subject to the same tax rate. NO exceptions. 2) Remove the income ceiling cap on Social Security taxes instead of the current 118k$ and make ALL income subject to that tax. Those two changes alone would generate a minimum of 250 Billion $ (and possibly more) of additional tax revenue. But hey, maybe the government should stop OVERSPENDING for once. Get spending under control instead of burdening taxpayers with higher taxes just to pay for programs that are just a waste of freaking money. __________________ “Every tavern’s an opportunity, I say.” Last edited by Micah Foehammer; 06-30-2011 at 06:39 PM.