Tuesday, November 27, 2012

Fair And Balanced Taxes : Give More, Take Less

The debate rages on, liberals and Democrats insisting the way to avoid the fiscal cliff is to raise taxes on the higher income makers. The Republicans and Conservatives want to cut spending. I have a plan that does both, increasing revenue and cutting spending.

It would involve developing tax table that would tax everyone, not just the wealthy. Everyone would be expected to pay something to give more. The percentages would be based on a flat tax rate system.

For those who have not income and currently pay little or no taxes will have their fair percentage deducted from their entitlements, taking less. This would please both sides, increasing revenue and decreasing spending. The deduction would not be great. A few dollars less in food stamps, would not cause a family to starve, but would force them to tighten their belts, purchasing less unnecessary items like soda, snacks, candy. Everyone shares in the sacrifice.  Either you pay more or take less.