Today is a day to make sure you help out and volunteer.
Ok, ok you should really try to do that often and not just one day but to day is a day that the UN has created an official holiday just to make sure more people do that.
So remember to take some time out to help someone improve their social and or economic standing. Look for a local charity and see what they have going today that you maybe able to help out with.
Or maybe you know someone that could use a hand. If so reach out and help them.
Wednesday, December 5, 2012
Happy International Volunteer Day for Economic and Social Development
Monday, December 3, 2012
A tax plan to build a strong America and create US economic growth.
Hello below is a tax plan that I worked on. It may not be perfect (I'm sure there is room to make some changes in the proposed tax bracket system)
But I believe this tax plan (or something similar) would be beneficial tax to the health of the American economy.
11.
Income tax and capital gains tax will no longer
be separate taxes
22.
Below is the proposed tax bracket system
33.
Enact a .005% transaction tax on stocks, options
and derivatives.
44.
Extend Angel Investor tax credit to cover LLCs,
The reasoning behind
this proposal
11.
By merging the capital gains tax with the income
tax you will help create a more equal system.
One should not pay a lower rate because they make their money from
investments. By counting capital gains
in the income tax you also increase the amount of revenue the Fed takes in.
22.
This proposed tax plan was created not just to
create revenue but also to help stimulate the economy. The plan gives a tax got to those in the
lower income tax bracket because studies
show that taxes to people in the lower income brackets is much better economic
stimulus then a tax cut to those in the upper brackets. Economic stimulation is also the reason for
the tax increase on the wealthy. While
the poor and working class are stimulated by having extra money, studies show
that higher tax rates causes the rich to help stimulate the economy. The reason is most likely due to the fact that
if personal taxes are high instead of taking the money for themselves the
wealth will reinvest there money.
I picked a top tax rate of 94% partly for
historic reasons, it was the highest tax rate in 44/45 which was a time when we
not only where in a war (as we are now) it was also a time we where still
getting out of a recession (as we are doing now.) The high tax rate also gives room for future
tax cuts.
33.
The tax on stocks, options, and derivatives
transactions is in place to create revenue.
A
study estimates that a tax like this could raise $350 billion dollars a
year.
44.
There is already a tax credit on the books for
people that invest in upstart companies but it’s only for business that are
registered as corporations the problems is a large number of business starting
up are LLC. Extending this credit to business
that are LLCs well help many small business option funding.
Labels:
taxes
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