INEQUITY IS
MORE THAN DISPARAGEMENT IN INCOME
I just paid
my IRS tax for 2020. I am on a fixed
retirement income and I pay what is owed every year with virtually no
deductions. What gripes me in not what
I have to pay out, which hurts; but that I have paid multiple times more then
the X-President of the United States.
The New York Times published that Trump paid $750 income tax in 2016 and
2917 and zero taxes in ten of the prior fifteen years.
This isn’t
just Trump. When I was a first-class (E-6)
enlisted man in the Navy I paid more taxes than President Ronald Regan his
first year in office.
This
inequity sux. My opinions don’t amount
to a rat’s ass in the big picture, as I have no power. But the U.S. tax code needs to be
reformed. The answer is so simple: One standard
tax rate – no deductions – money from every source counted as income.
Let’s say 7%.
People
making below $20,000 pay no taxes.
If you make
$50,000 you pay $3,500
If you make
$100,000 you pay $7,000
If you make
$1,000,000 you pay $70,000
If you make $1,000,000,000
you pay $70,000,000 (One billion pays seventy million.)
The federal
government could balance their budget and pay off the national debt in short
order.
Of course,
the plutocrats, the people with all the wealth that control the politicians, will
never allow this.
the Ol’Buzzard
You are right AGAIN.
ReplyDeleteI'll vote for you when you run for president!
ReplyDeletewhat Debra said.
ReplyDeleteEnd stage capitalism does indeed suck.
ReplyDeleteOlder I get, the more I resort to cliches as in the Golden Rule: "He who has the gold, rules." We ordinary folk don't have high-paid lobbyists in Washington so we pay whatever taxes they say we owe.
ReplyDeleteBoycott GOYO Foods. It's important. See CNN.
ReplyDelete