Framing the Dialogue

Taxes We Can All Accept

There is a lot of talk about cutting taxes and taxing the rich and tax rebates and our new president’s statement that we all will all have to feel a little pain.  I am not a wimp, but I am against politicians causing me pain to help pull us out of tailspin they caused.  I started thinking about taxes that we all could live with.

  • I am proposing a 50% tax on Hollywood celebrities (actors, producers, directors, etc.) that make more than $500,000 for any one film or more than $10,000 per episode of a TV show.
  • I am proposing an additional 25% tax on Hollywood celebrities (actors, producers, directors, etc.) that make more than $500,000 for any one film if that film fails to gross in the first year more than the film cost to make.
  • I am proposing a 90% tax on compensation packages of corporate officers of companies that post a loss in that fiscal year. 
  • I am proposing a sliding tax on celebrities (including sports stars) who are convicted of DUIs based on the following schedule:  
    • 5% of annual salary applicable to the first 5 years after first arrest (everyone makes a mistake)
    • 25% of annual salary applicable to the first 5 years after second arrest
    • 50% of annual salary applicable to the first 5 years after third arrest
    • 0% of annual salary applicable to the first 5 years after fourth arrest (It should not matter as they probably will not be working anyway.  Remember they are celebrities so they probably will not be in jail).
  • 50% of assets of elected officials that were “earned” while they were in office.  They may deduct their base salaries.
  • 99% of assets of elected officials that are “earned” for a period of five years after they leave office.   They may deduct an amount equal to their highest official salary. (This will be named the Clinton Tax as their assets ballooned to an estimated $110 MILLION since Bill left office).

I know that popular taxes would be an oxymoron.  I was just hoping to attract readers.  I think a Flat Tax Revolution (or Fair Tax) would be popular if more citizens knew about it. 

Imagine the elimination of the IRS and their estimated 7,500 pages of tax code.

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