General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow to avoid the so called fiscal cliff. 4 easy steps.
1.Tax the rich.
2. Tax capital gains and dividends at the same rate as earned income.
3. Tax corporations at the same rate as persons.
4. Cut military spending by 50%.
Mika
(17,751 posts)The owner of a small biz who's biz takes in $50K-$100K (for example) would be double taxed to the point of it not worth starting a small biz.
Any thoughts on this?
Vincardog
(20,234 posts)Egalitarian Thug
(12,448 posts)a 'C' corporation pass-through. Where's the double taxation? Either the corporation has no profits to tax as all the money goes to you, or the corporation keeps all the profits and everything you spend is the corporation's money (which will likely get a visit from the IRS). It would also be possible to have some combination of the incomes, but the final tax bill would remain the same.
question everything
(47,465 posts)eliminate the cap (110K, I think). This will make Social Security solvent and eliminate the need to cut benefit or to raise tax on everyone.
silverweb
(16,402 posts)[font color="navy" face="Verdana"]I was going to add that, but you beat me to it.
Yavin4
(35,432 posts)within a few short years.