Tuesday, May 1, 2018

Tax Reform for Progressives

So friends of freedom should get behind tax reform to help prevent liberals from backsliding and acting like greedy conservatives, thereby denying Uncle Sam needed revenue that should be treated as his in the first place.

That designation would determine tax rates and eligibility for tax "Loopholes," as well as special duties not applicable to other, less enlightened taxpayers.

Capital gains, at line 13, would be subject to normal income tax rates for Ls/Ps and Ss. On line 15a, IRA distributions would be doubled for Liberals/Progressives and trebled for Socialists.

No deduction for half of self-employment tax paid - instead, Ls/Ps would pay a surcharge of one-third and Ss of two-thirds.

Then there are all the tax extras that Liberals/Progressives and Socialists should add.

No nontaxable combat pay election, American opportunity tax credit, and net premium tax credit.

It's time for tax reform directed at Liberals/Progressives and especially Socialists to ensure that they pay all they pay, and even more.

https://spectator.org/tax-reform-for-progressives/ 

No comments: