Reflections
on taxes:
Citizen
income-tax:
Flattax or
9-9-9 plan? When the sky is the limit a block of flats has storeys;
redistributing tax system for general use that benefits poor. (IRS Block of
flats with citizen income-tax storeys) is following...
Storey 0:
0% Citizen income-tax on citizen incomes $ 0.- ≥ 20,000.-.
Storey 1:
10% Citizen income-tax on citizen incomes $ 20,000.- ≥ 40,000.-.
Storey 2:
20% Citizen income-tax on citizen incomes $ 40,000.- ≥ 60,000.-.
Storey 3:
30% Citizen income-tax on citizen incomes $ 60,000.- ≥ 80,000.-.
Storey 4:
40% Citizen income-tax on citizen incomes $ 80,000.- ≥ 100,000.-.
Storey 5:
50% Citizen income-tax on citizen incomes $ 100,000.- ≥ 120,000.-.
Storey 6:
60% Citizen income-tax on citizen incomes $ 120,000.- ≥ 140,000.-.
Storey 7:
70% Citizen income-tax on citizen incomes $ 140,000.- ≥ 160,000.-.
Storey 8:
80% Citizen income-tax on citizen incomes $ 160,000.- ≥ 180,000.-.
Storey 9:
90% Citizen income-tax on citizen incomes $ 180,000.- ≥ 200,000.-.
Storey 10:
100% Citizen income-tax on citizen incomes $ 220,000.- ≥ sky-high.
Amen.
E.g.
Citizen gross income $ 75,000.- pays tax 0% of and then 10% of $ 20,000.-, then
20% of $ 20,000.- and 30% of $ 15,000.-= $ 10,500.-.
That would
result in gross income $ 75,000.- minus Citizen income-tax of $ 10,500.- = net
income $ 64,500,-
Business
income-tax:
First to
say: owners, stake-holders, managing or executive officers (or directors) and
their employees pay according the Citizen income-tax. (IRS Block of flats with
business income-tax storeys) is following...
Storey 0:
0% Business income-tax on EBT $ 0.- ≥ 1.000,000.-.
Storey 1:
10% Business income-tax on EBT $ 1,000,000.- ≥ 5,000,000.-.
Storey 2:
20% Business income-tax on EBT $ 5,000,000.- ≥ 10,000,000.-.
Storey 3:
30% Business income-tax on EBT $ 10,000,000.- ≥ 50,000,000.-.
Storey 4:
40% Business income-tax on EBT $ 50,000,000.- ≥ 100,000,000.-.
Storey 5:
50% Business income-tax on EBT $ 100,000,000.- ≥ 500,000,000.-.
Storey 6:
60% Business income-tax on EBT $ 500,000,000.- ≥ 1,000,000,000.- ($ 1 billion).
Storey 7:
70% Business income-tax on EBT $ 1,000,000,000.- ≥ 5,000,000,000.- ($ 5
billion).
Storey 8:
80% Business income-tax on EBT $ 5,000,000,000.- ≥ 10,000,000,000.- ($ 10
billion).
Storey 9:
90% Business income-tax on EBT $ 10,000,000,000.- ≥ 50,000,000,000.- ($ 50
billion).
Storey 10:
100% Business income-tax on EBT $ 50,000,000,000.- ($ 50 billion) ≥ sky-high.
Amen.
Examples
will follow.
E.g.
Business EBT is $ 7.5 million. Pays tax 0% of $ 1 million and then 10% of $ 4
million and then 20% of $ 2.5 million= $ 900,000.-.
That would
result in EBT, Earnings Before Tax, $ 7.5 million minus Business income-tax of
$ 900,000.- = net profit $
6.6 million.
@occupytogether @occupywallst @taxpayers @the_tpa @Consumers_Int please reflect upon my mentioned Citizen income-tax and Business
income-tax.
Published 2011/10/20
Published 2011/10/20
No comments:
Post a Comment