Tax Rates for Parasites – The Solution

Our society is overrun with parasites, blood-suckers who have no thought for anything other than making as much money as possible for themselves (…and maybe for their kids…if the kids are lucky).  It corrupts our government, warps our educational system, and has turned our country into a service economy whose only real industry is one that pushes money around.  We need to change the system and change our perspective on what constitutes a contribution to society.  Here’s how…

  • Every dollar derived from one’s labors that falls above the federal poverty level for a family of four (> $22,050)—salary and bonuses, from waiting tables to managing mutual funds—gets taxed at a flat 30% rate…no god-damned exceptions!
  • Income that falls between 10X and 100X ($220,501 – $2,205,000) of the federal poverty level is taxed at a flat 60% rate.   You make above $220K?  You’ve got more than enough to live on…suck it up!
  • Income that falls above a level 100X (> $2,205,000) of the federal poverty line is taxed at a flat 90% rate.
  • The notion that capital gains are somehow more valuable, by virtue of lower tax rates, than the fruits of one’s labor is absolute, nonsensical BULLSH*T!  So…from here on out, capital gains *ARE* income and get taxed accordingly.  End of story.
  • Deductions are eliminated.  Need a house?  Learn to pay for it!  Took a huge loss on your investments?  Tough!  Charitable contributions?  Good for you!  But you don’t get to deduct them.
  • Corporations don’t get any more breaks!  Is your headquarters in the US?  Then pay your f*cking taxes, and do it at a rate of 45% of every dollar you make…anywhere in the god-damned world!
  • …and no more corporate investment that isn’t directed to growing a business or providing jobs.  You make one single dollar from a non-productive, non-related enterprise (i.e. capital gains), you pay $.90 to Uncle Sam (90%).
  • And finally…we have a word for people who don’t want to work, who don’t want to contribute to society.  We call them bums, and if you want to be a bum then fine, but you don’t get to be bum and live like a king forever on mommy and daddy’s income.  Inter-generational wealth transfers are taxed at 45% up to 100X of the federal poverty level.  Above that, and the rate is 90%.

In addition…

  • Repeal the War Power’s act.  The Constitution already has a fine mechanism for aggressively deploying our military forces.  So no more starting a war and then getting permission afterwords just so we can put our defense contractors on government welfare.
  • Legalize everything and tax it.  From marijuana to meth-amphetamine, cut the rug out from under the illegal trade in controlled substances, close a whole lot of prisons, and make a bundle of cash in the process.
  • And finally… No more contributions to federal political campaigns…PERIOD!  Whether you’re a grandmother from Bayonne or the CEO of Exxon, you don’t get to put a single dime in a politician’s pocket…EVER!  All campaigns are to be financed using federal money at no more than 1/50th of the prevailing level for House and Senate races.

This isn’t some f*cking game.  The debt hole that we’ve dug is one that we’re not likely ever to climb out of, and if we want to fix health-care, fight many simultaneous wars, and pay for the comfy retirement of all of our parents, then we better be prepared to pay for it.  Time for the United States to grow-the-f*ck-up.

You can thank me later for giving you back the week that you spend every god-damned year acting as an accountant for Uncle Sam.

Read Part 1 – “Tax Rates for Parasites – The Problem

14 thoughts on “Tax Rates for Parasites – The Solution”

  1. As long as we’re repealing things, how about repealing Nafta, which allowed big corporations to offshore manufacturing jobs, which was the beginning of the end for the US economy?

  2. Great article, Kvatch. The pigs from Animal Farm, using credit cards, have been running America for far too long!

    Problem is these pigs are well entrenched and completely control the politicians and the MSM. And the sheeple are too bewildered to do anything beyond getting drunk and watching American Idol.

    I’m saddened by what America has become since the Animal Farm pigs came to power.

  3. Lew… Yeah NAFTA, repeal it or tax the hell out of the profits that corporations make from off-shoring jobs.

    The pigs from Animal Farm, using credit cards, have been running America for far too long!

    DavidG… And for what? Two unnecessary wars, the funds from which, could have fixed our broken health system.

  4. If the Tax Code was put in between the covers of a book, I wouldn’t be able to pick it up. It’s complex and it’s supposed to be, so that the parasitic corporations can navigate it. But you know all this.

    My answer would be to abolish all taxes, except one, point of purchase tax, no deductions, no exemptions. Everybody pays, rich and poor.

  5. I agree with all your suggestions except this one:

    Every dollar derived from one’s labors that falls above the federal poverty level for a family of four (> $22,050)—salary and bonuses, from waiting tables to managing mutual funds—gets taxed at a flat 30% rate…no god-damned exceptions!

    That poverty level is too low for a family of four. I don’t know what rent is like in your area, but in my area of Michigan you can’t find a 2 bedroom apartment for less than $700 per month and you need a car in order to get to work. Those two expenses alone will suck up about half your monthly income.

    The FPL should be higher. It’s not the average American’s fault that all decent paying jobs have been shipped out of the country. I’d raise the FPL for a family of four to $36,000 and reduce the tax to 25%. That would leave them $2250 per month to live on, which is still a far cry from what the people paying 90% of $2,205,000 have left each month.

  6. Kathy… You’re right, of course. I really just needed a benchmark number to use as a starting point, and FPL is good because it’s indexed. The actual starting value itself isn’t really as important as the system.

    Holte… I like the idea of VAT-style taxes because of their simplicity, except for the fact that they’re terribly regressive.

  7. No on anything resembling VAT. But holte’s a limey, whaddya expect. ;-)

    You do realize that I will circumnavigate the globe using only the power of my mind before anything like this ever gets enacted in the Us of A.

  8. My sentiments exactly. And I agree with Kathy’s correction too.

    Something has gone totally awry in this country. An individual who goes on food stamps or welfare is a “bum.” A Wall Street CEO who siphons trillions of taxpayer dollars from the treasury is somehow a pillar of the community. WTF???

  9. A Wall Street CEO who siphons trillions of taxpayer dollars from the treasury is somehow a pillar of the community.

    Tom… Well actually, I think we refer to those guys as ‘Secretary of the Treasury’. (e.g., Paulson)

    …I will circumnavigate the globe using only the power of my mind…

    Randal… Hey! Can I sell tickets? I’m going to need a cash infusion to afford my own tax proposal. ;-)

  10. I’m a fan of an aggressively progressive tax system but I object to the idea of brackets. They create artificial distinctions and punish people at the lower end of the bracket in favor of those at the higher end.

    I would prefer an algebraic system in which you plug your taxable income into a simple equation and get your tax liability out. This way income and tax rate could be connected on a smooth curve rather than a stair-step graph.

    I might be making to much of an assumption in thinking that most Americans could navigate the basic algebra involved.

  11. Thomas… Well of course you’re right about the equations. I could do 3 equations (for three brackets) depending on what level your income reaches. Or…I could describe the system with a single algorithm that employed all three equations: Plug in an income, get back a taxable amount.

    But I don’t get how The lower ends of the brackets are punished at the expense of the higher ends. Certainly, if it was a single tax rate per bracket for *all* income, then crossing a bracket would greatly increase one’s tax liability. Never heard of such a system myself.

    Anyway, I guess I was really trying to point out that we need some…well a lot, really…of progressivity in the system to counteract the effects of unmitigated greed that we see everywhere these days.

  12. “(> $22,050) a flat 30% rate…… 10X and 100X ($220,501 – $2,205,000) of the federal poverty level is taxed at a flat 60% rate…. 100X (> $2,205,000) of the federal poverty line is taxed at a flat 90% rate.”

    There is nothing flat about this tax scenario. It’s a very crude form of the progressive tax system we already have. The only difference is that there are much fewer steps.

    “But I don’t get how The lower ends of the brackets are punished at the expense of the higher ends.”

    The reason people who fall in the lower end of the brackets can be seen in two examples –
    1 a person who earns 220,501 takes home 88,200
    a person who earns 220,500 takes home 154,350

    2 a person who earns 2,205,501 takes home 220,550
    a person who earns 2,205,499 takes home 882,199

    Obviously an unfair taxation system. The current system does use an algorithm to determin the progressive taxation rate.

    # 4 holte ender Says: “My answer would be to abolish all taxes, except one, point of purchase tax, no deductions, no exemptions. Everybody pays, rich and poor.”

    That is the definition of a “Flat tax” and is regressive because it a flat sales tax effects the poor more than the rich because far percentage of the poor’s income is spent on essential iteams such as food, clothing, utilities and rent. The current system we have is progressive because it affects the rich more than the poor and is necessary in a nation that is so hell bent of privatizing everything in a capitol gains orgasm.

    I think the answer to the income tax problem is with this suggestion of simplifying the deduction process so not to give the advantage to only corporations that can hire an army of accountants and lawyers.

  13. Southside Rabbitslayer…

    Thanks for stopping by Ragebot.

    Though I probably didn’t make it as clear as I should have, the system (and inequities) that you and Thomas pointed out is *NOT* what I proposed.

    For example, I said, “Income that falls between 10X and 100X…is taxed at a flat 60% rate.” Income that is above the 100X level has a different rate (90%), and income that falls below the 10X level also has a different rate (30%). So this calculation is not what I proposed:

    a person who earns 220,501 takes home 88,200
    a person who earns 220,500 takes home 154,350

    Rather… the person making $220,500 takes home $154,350. The person making $220,501 takes home ~ $154,350.40. (Well really the same amount due to IRS rounding, but you get the idea.)

  14. Concepts in Federal Taxation 2005 Concepts in Federal Taxation is designed for a more conceptual, less detailed approach to federal taxation of individuals and corporations in an introductory taxation course. This conceptual approach presents taxation as a small number of unifying ….

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