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For individuals- – -“Inequality and Poverty Reduction Adjustment Program” For corporations–“Human Rights and Justice Adjustment Program”

April 9, 2016

For individuals- – -“Inequality and Poverty Reduction Adjustment Program”. For corporations–“Human Rights and Justice Adjustment

Program”.s://rwer.wordpress.com/2016/04/09/us-corporate-income-taxes-1934-2015/

“Human people” pay 80% of the $3.18 trillion Federal Tax Revenue.
“Corporate people” pay 11%.
Can you wonder why there are such tremendous gaps in INEQUALITY ?

US corporate income taxes 1934-2015 https://rwer.wordpress.com/2016/04/09/us-corporate-income-taxes-1934-2015/
April 9, 2016 David F. Ruccio
Corporate income taxes represent a small percentage of total federal tax revenue (at 11 percent) and they’ve been declining for a long time (since the 1940s).

ind_and_corpo_tax_line_chart,_enacted_2015

revenue_pie,__2015_enacted

Capitalism demands inequality.
It is the size of the gaps where the administration of inequality becomes distorted.
If capitalism is for the betterment of all the members of the community instead of just a small percentage;there should be smaller gaps between percentiles. But most important would be that the bottom 10%ers would have a living standard based upon 10% of the wealth. This is not a production problem, this is a distribution problem.

RE: Taxation, any taxation.

A Monetary Sovereignty doesn’t need taxation to spend.
For that matter, taxation can only occur after currency is in circulation.
Taxation is the ways and means by which a Monetary Sovereignty recaptures
currency already in circulation. Currency that it can redistribute without changing the quality or quantity of the entire currency.
A Monetary Sovereignty should tax all circulating currency, the question is; fairness and justice !

For individuals- – -“Inequality and Poverty Reduction Adjustment Program”
For corporations–“Human Rights and Justice Adjustment Program”

A Fair Capitalistic “Inequality and Poverty Reduction Adjustment Program”

The Federal Personal Income Tax:
A ONE PAGE FORM.
“Inequality and Poverty Reduction Adjustment Program”
ALL income is taxable and must be reported
Income up to $75,000 will be taxed at a rate of ………………………….ZERO %.
JOINT Income up to $150K………………………………………………………ZERO%
Income from $75,001 to $150,000 will be tax at a rate of……………..10%
Income from $150,001 to$500,000 will be taxed at a rate of…………20%
Income from 500,001 up to any amount will be taxed at a rate of …30%
NO exemptions. Tax must be paid, any claim of injustice
may be filed for a proportional refund.

The ZERO taxed will receive a 6% distribution to replace their loss caused by sales taxes
which are a detriment to their ‘standard of living’.
All will be entitled to free Medicare with a 20% copay.
The ZERO and 10% taxed will have a ZERO copay for the first $20,000 of Medicare billing.
The ZERO and 10% taxed will receive a ‘take home pay increase in the amount of 15%.
This is at ZERO cost to production because it will be the 15% F.I.C.A. that was withheld from them; now going into their take home pay.

US corporate Profit income taxes;
A Fair Capitalistic “Human Rights and Justice Adjustment Program”
A ONE PAGE FORM:
All profit up to 6%…………………………………ZERO TAX RATE
Profit from 6.01%…..up to 15%……………..20%
Profit from 20.01……up to 50%…………….40%
Profit over 50%…………………………………….60%

But, How would we pay for these program ?

No matter what the amount is, It can be paid for “by raising money from “somewhere else”
You will hear that this plan will increase the standard of living, will increase jobs, but there

could, maybe,perhaps, be a loss of revenue versus the present income revenue stream..

Please ask “The Tax Foundation”,” What would be the increase/ decrease?

SOLUTION.
Capitalism is the “best” system to date devised by mankind. When capitalism uses its Honest Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism would be one of the “greatest” achievement of mankind.

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