Wednesday, January 11, 2012

Taxes that help the Country

Taxes create and change incentives. Taxes can help people decide to buy a house or invest in a property. There are tax breaks for giving to charity (good), getting married (good), paying for college (good), making money, buying products and more. Taxes can help pay the debt, help decision makers. A few good ideas for taxes. A stock transaction tax of a penny or five cents. It can raise approximately $350 billion over time and stop or slow computer trading on Wall Street. This allows Wall Street to pay for some of its mess. A tax on speculation of oil and commododities can also slow down driving up prices for profits. Taxing millionaires can help Corporate managers put more money back into the company to help build US companies. A tax credit to hire US workers, a tax on workers hired outside of US. A tax on foreign goods, not to raise income but to stop imports. Taxes can help US companies pay the proper amounts and offset disadvantages or advantages by other companies. We need to raise money and stop speculation. We need to slow down company greed and support the US. Stop the giving of money to the top 1%. We have income distribution but it is bottom up and that has to stop.

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