Comment: I would propose having higher tax rates the wealthier you are, as defined by some y=mx+b curve that rises exponentially and steeply for the upper 20% wealthiest individuals. And there is no reason why the richest 5% of our country shouldn't have up to 45% of their income taxed when one really looks at how that disposable income is spent and what common good it could be rechanneled to. Greed will be the downfall of this nation otherwise. I would propose at minimum 5 tax brackets roughly along these lines, appropriate for the % of income that is spent on basic needs vs. disposable income: 10-15% for household income level $40,000 or less and above poverty level 15-20% for $41-80,000 25%-30% for $81,000-$200K 35%-40% for 201K to 1M 45% for over $1M Additionally minimum wage is in desperate need of a dramatic increase. The most important initiative however is to close tax loop holes, whether that be by simplification or more laws, I don't know. But the corporate stranglehold on the tax system is despicable and more tax dollars should be channeled to countering private tax accountants working for corporations. Dave English Los Angles, CA _______________________________________________ Join Excite! - http://www.excite.com The most personalized portal on the Web! |