Post- flood of people at post offices across the country, it is well to consider, the duty to our country paying taxes is. The vast majority of Americans wait 'til the last minute. What I have always believed, is that money kept "off the books", paying for government services. is "funny money". We collectively, if we are working, fund government operations. After the year is up, we get to claim that part of those loans that gets paid back to us. If we have not paid in as much as we are supposed to we may owe more and in certain cases, we may receive more back than we had put in. These rules are codified and complex, filling a huge volume. The tax code is a massive document. ( I heard it is the size of two New York City Phone Books.) This "funny money" is the cost of government that gets paid for when the dollars are collected, this loan we float government is an investment in the same government that will collect taxes to pay off our debt (to those who receive money back) in arrears for services rendered. The time-cost of money never enters into the equation, which costs us not only what the interest rate is, but the cost of delaying investment in things that have the opportunity to recover our economy much sooner.
The Buffet Rule that has been proposed is not nearly as practical as this. Allow a one year moratorium on payroll taxes. This incremental improvement in wages would explicitly be given as health care. For everyone. Corporate tax rates would increase only marginally but would switch from being paid in arrears to being paid as we are taxed. Paying forward. Corporate taxes would be simultaneously pay the up front operating revenues and "invest" in future operations. This puts government in a more stable funding stream (position), essentially a full year of operating expensive would become available without incurring debt. This would also pay off in subtle ways. We would be so much better off, increasing quality of life, savings rate would rise and investment in local communities that bring stability to the economy would be possible. In the short run, corporations would be responsible for a net doubling and in the top tier, percentage rates should increase even more than double. During the transition, the top companies would pay up to 50% taxation for both years. This allows us to pay down debt which has been the bane of investors for many years.
In turn, through simplification of tax code and standardizing claim forms for healthcare, these relatively minor changes would save millions of administrative jobs having to be done. When the many billions, perhaps trillions of dollars tied up in insurance investments become available for community development, higher quality of life will be reflected over time in healthier people. This is an infinitely better system, especially in light of the fact that we cannot afford the system that we have today. The top 500 corporations in the U.S. have enough cash on hand and short term debt owed them to fund double what we spent on recovery since 2009. Business leaders should be touting the fact that through standardization of forms and savings on rapidly increasing health care premiums, we could turn the tide of costs that are strangling small business nationwide. In most situations, health care is both not an option because it is simply unaffordable, with many jobs not producing enough income to support insurance.
We have sacrificed thousands of citizens for the cause of "freedom". The luxury of being able to operate without undue interference should carry a price. We need to tax businesses similarly to the way we tax families, progressively, when they make many billions, their percentage should be high. Companies with less than one-hundred thousand in profits could nearly be exempt. Even though there are many, many more small businesses, the biggest players take much more of the corporate welfare pie.
The Buffet Rule that has been proposed is not nearly as practical as this. Allow a one year moratorium on payroll taxes. This incremental improvement in wages would explicitly be given as health care. For everyone. Corporate tax rates would increase only marginally but would switch from being paid in arrears to being paid as we are taxed. Paying forward. Corporate taxes would be simultaneously pay the up front operating revenues and "invest" in future operations. This puts government in a more stable funding stream (position), essentially a full year of operating expensive would become available without incurring debt. This would also pay off in subtle ways. We would be so much better off, increasing quality of life, savings rate would rise and investment in local communities that bring stability to the economy would be possible. In the short run, corporations would be responsible for a net doubling and in the top tier, percentage rates should increase even more than double. During the transition, the top companies would pay up to 50% taxation for both years. This allows us to pay down debt which has been the bane of investors for many years.
In turn, through simplification of tax code and standardizing claim forms for healthcare, these relatively minor changes would save millions of administrative jobs having to be done. When the many billions, perhaps trillions of dollars tied up in insurance investments become available for community development, higher quality of life will be reflected over time in healthier people. This is an infinitely better system, especially in light of the fact that we cannot afford the system that we have today. The top 500 corporations in the U.S. have enough cash on hand and short term debt owed them to fund double what we spent on recovery since 2009. Business leaders should be touting the fact that through standardization of forms and savings on rapidly increasing health care premiums, we could turn the tide of costs that are strangling small business nationwide. In most situations, health care is both not an option because it is simply unaffordable, with many jobs not producing enough income to support insurance.
We have sacrificed thousands of citizens for the cause of "freedom". The luxury of being able to operate without undue interference should carry a price. We need to tax businesses similarly to the way we tax families, progressively, when they make many billions, their percentage should be high. Companies with less than one-hundred thousand in profits could nearly be exempt. Even though there are many, many more small businesses, the biggest players take much more of the corporate welfare pie.
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