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A Secret Deal to End the Tax War:
Romney and Rubio Prove They Have a Good Sense of Humor
Olympic Medal Bill is Just a Diversion to Hide Real Tax Reform
Deal
Each year the government gives away $1.1 trillion through
tax expenditures and most of the money goes to people who do not really need
the help. There is only one tax plan designed to eliminate all loopholes and
revive the economy in the process. It measures wealth and economic need. In 1995
half of America shared only 3.6% of the wealth. By 2010 this share was only
1.1% for a wealth gap not seen since the Great Depression of 1929.
The 2-4-8 Tax Blend lowers income tax rates to 8% by
eliminating tax expenditures and replacing job killing payroll taxes with a net
2% wealth tax (excluding $15,000 cash and retirement funds). Businesses would
pay the same 8% income tax rate and a 4% VAT.
Congressional representatives have been discouraged from
speaking publically about the plan before the election because it is strictly a
nonpartisan plan which will actually fix the economy, Social Security and
Medicare without government spending. Members who have pledged to fix the
economy or die trying say the reforms also comply with ATR’s bipartisan no-tax
pledge. Rich, poor, Muslims, Latinos, gays, big oil companies, small
manufactures, Democrats, homeowners, S corporations, women, farmers, Olympic
medal winners and Catholics would all be taxed with the same very low rates.
Enjoy the rest of your day.
Eugene Patrick Devany, JD, MPA
In all discussions of this, I fail to see any mention of the expenses that offset the liability. The cost of the trainer and the travel expenses would bring the liability down significantly. What am I missing here?