Taxes and Tax Breaks

Nobody should be able to get tax breaks that allow them to go below the lowest percentage on the tax tables for working taxpayers (I believe that would be 10%). Some rich people have gone to 5% and maybe lower than that. The poor and middle class who can’t afford to donate as much, supply the vast majority of donations in this country, out of their pockets, but do not qualify for the deduction because they barely make the break even point. They still pay approximately 10% in taxes after the standard deduction. A millionaire (who makes $1 million per year) who donates $10,000 is donating the same percentage as the person who makes $20,000 per year and donates $200. That’s 1% of his/her income. If they go to church and donate the 10% that the church would like them to, they would pay $100,000 and $2,000 respectively and wouldn’t expect to get a penny back for any of it. If a millionaire pays $100,000 to charities, they are allowed to claim it as a donation and will get a large portion of it back (meaning that every tax payer is paying a portion of the deduction that the millionaire is getting back). So we are paying for our donations, and other people’s donations. I don’t know how much that I donate every year, but I spread it out over various organizations, and in different ways. I never really thought that I needed to figure out how much I’m donating through taxes.
Banks that are foreclosing on peoples homes because of our terrible economy and adjustable rate mortgages, should be paying the continuing taxes and specials on the properties that they foreclose on, that sit empty for an extended period. When taxpayers are forced to give their homes back to the bank, I can’t imagine that the banks would want to hang on to those properties very long if they had to pay the taxes. Also, the banks would be more willing to figure out how the homeowner could stay in that house, and would be more likely to set them up in an a fixed rate mortgage without penalty.
Why not tax crime? California wants to legallize marijuana so that they can tax it. Why not tax it now, and give it a high tax if it is illegal? You could charge a 100% or higher tax to any crime that has a monetary value. This includes things as little as someone having a joint or two on their person when they get stopped by the police (even if the police don’t make an arrest for a joint or two). Illegal firearms could be taxed at twice the cost of each firearm that is in an individuals control (at their home, work, car…).
These things are just the beginning of the things that could pull our country out of debt and make a more even playing field for the rest of us.

About rossmeister

Husband, Father, Have Cats, Philosopher on World Issues, Future Author, Aviation Technician, Hate Snow and winters longer than three months. If you want to argue a point with me, pretend that I'm a judge in a courtroom, and you need to tell me the facts as you know and see them so you can argue in the attempt to win your case. There are no guarantees that you will win, but your chances are better if you use this method. You suck is not a valid comment!
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2 Responses to Taxes and Tax Breaks

  1. Your explanation will be the best I have observed up to now


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