idea and solutions however unpractical

[plural]

I would start
with tax reform
my tax code
would be one
page long

if you made less than 25k
you would not be liable for any tax

income over 25k but less than 100k would
be taxed at 15%

income over 100k but less than 250k
would be taxed at 20%

all dollars earned over 250k would
be taxed at 35%

for those of you who arent familar with marginal tax codes
it would work like this
you pay no tax on the first 25k of income
all dollars earned between 25k and 100k would be
taxable at 15% and so on

so a family that earned 150k
would pay no tax on the first 25k
on the next 75k they would pay 15% or

income would be defined
as either a) wages
or b) investment profits

gifts from between individuals would be
non taxable and I would eliminate estate tax.

I do not support the elimination of estate tax
as it stands now, but under this concept
I feel it is only fair.

gifts from corporations to individuals
would be taxable as income
paid by the donor

basic concept is
you pay income tax once

property taxes and sales taxs would be
unchanged

I would only allow one
tax deduction
charitable contributions

I would subdivide non-profits into
two catagories

human services and
all others

human services donation would
recieve a 125% deduction from
earned income

where as other organizations would
get the current 100%

I would define human services
as organizations which provide
basic human services to people
who can not otherwise provide them

free or low cost medical clinics
places that feed the needy

Businesses would pay
3.5% of all revenue
not profits

Assuming a federal buget of 2.4 trillion dollars a year
and an employed workforce of 132.43 million people
the cost of government per employed person is
$18,122.78

10% of the population earns 28% of the total income
so 13.243 million people earn 28% of the income

if we assume that the average income of these
individual (I couldnt find appropriate numbers)
is $500,000
they would each under the above plan
owe $128,750 in income tax

This would provide a revenue to the government of
1.7 trillion which is the lion share of the federal budget

this does not include taxes paid by
the other 90% of people
nor corporations.

I wasnt able to locate figures to calculate
these numbers as precisely as I hoped
but I think my roughy figures shows
that it would provide enough income
to run the government.

One of the biggest merits of this idea
in my opinion is that it would eliminate
tax loopholes that many wealthy people
and corporations use to evade paying taxes.

and it would simplify the tax structure
and save billions in the costs of tracking
and preparing tax returns.

thats one idea
I will post more as time progresses

please feel free to
shoot it full of holes
I welcome all your opinions

if you can bring real numbers
so much the better.

P