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Drain the debt

So the first post went over decently, so how about my thoughts on taxes and spending?


Churches and religous organizations are no longer tax exempt if their congregation building or site is valued at over one million dollars – This is (really) to prevent stuff like megachurches from existing. But my point for this is to prevent money from being drained out to give a lavish life to a pastor (who often lives in said church). This also protects smaller organizations from taxation into oblivion. On that note:

Churches and religious organizations must file income and spending with the IRS – Just like every charity and Tax-Exempt organization

Income is income, no matter the source – Capital Gains no longer will have a different rate than ordinary income

Estate Tax at 20% starting at one million dollars of estate value

Tax Rates: $250,000 – $999,999.99 at 40%, $1,000,000 – $9,999,999.99 at 60% and 10,000,000+ at 91% – This is what was done durring World War II to pay for it. We’ve put (by my count) six wars (Korea, Veitnam, Afghanistan, Iraq Afghanistan again, Iraq again plus other unnamed and undeclared wars) on the debt since then and we need to recoup the costs.

Cap Charitable Deductions on buisnesses and individuals at $500,000

Companies making more than $10,000,000 in profit are not eligible for tax subsidies – Cuts the oil industry’s teet off

Punish individuals and corporations using offshore tax havens, which can be done by looking at sales data for a company or if an individual is being paid into an offshore account directly and seeing if the books are being cooked – Explains itself mostly

Punish corporations using inshore tax havens, such as using incorporation in a state not of their headquarters (For example, a state is headquartered in California but incorporated in Nevada and files it’s taxes that way to avoid base taxes) – Punishment is taxes in the incorporated state are to be kept by the state then additional taxes and penalties are paid in the headquarters state.


Cutting Spending

Cut military spending by 5% over ten years to 50% at the end – Some $.30 of every tax dollar paid goes to the military or veterans beneifits (Not saying cut the VA). My hope is that it will choke the Millitary-Industrial Complex. On that note:

Trash the F-35 – Way overbudget, a decade late and now useless with the current state of warfare. Also, sue the contractors for the overages.

No Private Millitary Contractors – They can make weapons, equipment and train millitary on use, but they cannot be deployed with soldiers or provide them any other services.

Aid to the middle east is gone until they get their peace house in order – Especially Isreal

Cut off grants to private colleges, including G.I. Bill

Representative Income chained to Median Income, Senator Income to Median Income + 50%, President to Double Median Income and Supreme Court Justice to Median Income + 75% – At time of writing, Median Income is about $51,000, and the president’s salary is $300,000.


Increasing Spending – Economic Stimulation, if you will

Science Budget (includes NASA) upgraded to 2.5% of federal budget (from 1%) – Because I can?

Block Grant NASA $100,000,000,000 for a reasonable return to space program – Like instead of a space station, can we have a research station on the moon? The figure I pull out is about the cost for the Apollo Program (adjusted for inflation)

Grant for renewable energy on federally owned buildings – Solar Panels on the White House, capital, etc.

I’m sure I could add more thoughts, but they are running dry on me.