On Mar 26, 4:00*pm, tv wrote:
On Mar 26, 3:56*pm, wrote:

http://www.ibdeditorials.com/IBDArti...22873875315887

New tax tables start at zero dollars for the first time. *That means
if you make a buck the gov'ment gets $.08 and you keep $.92.

IRS 2009 Tax Rate Schedules
Tax Brackets for the 2009 Tax Year
http://taxes.about.com/od/2009taxes/..._tax_rates.htm

* * * REAL US INCOME TAX REFORM * * *

The simple fact is that there should NOT be any
Income Taxes; Income Tax Withholding; and the
Requirement to File Taxes for anyone making
less than $35,000.
* Oops - That Also means NO Negative Income Tax
Pay-Outs either. {Paying Tax Payers more in Tax
Refunds then they Paid in Taxes to begin with.}
-aka- Redistribution of Wealth {income}

A Better : Individual Income Tax Rate Table

Tier # 1 Zero Individual Income Taxes up to $35,000

Tier # 2 from $35,001 to $140,000 @ 10% Tax Rate
with NO Deductions and NO Personal Exemptions.

Tier # 3 from $140,001 to $560,000 @ 20% Tax Rate
with NO Deductions and NO Personal Exemptions.

Tier # 4 from $560,001 to $2,240,000 @ 30% Tax Rate
with NO Deductions and NO Personal Exemptions.

Tier # 5 from $2,240,001 and above 40% Tax Rate
with NO Deductions and NO Personal Exemptions.

Social Security Should Be Tax Free With NO
'Set-a-Sides' -but- Social Security would be Fully
Counted as Basis Income for Income Tax purposes.
So first taking $20K of Social Security
Plus $20K of 'Other' Income put you at $40K
Minus $35K Tax Free means $5K in Taxable
Income @ 10% for $500 in Federal Taxes.

NOTE - NO Deductions means No Home Mortgage
Deduction; No Charatible Deduction; No 'Other' Tax
{Social Security, State, City & Sales} Deduction; etc.
-wrt- No Loop Holes and Less Tax Cheating

NOTE - NO Personal Exemptions means No Personal;
No Spouse; No Children; etc.
-wrt- Your Private Personal Life is you own and
is not a Taxable or Non-Taxable Status or Event.

NOTE - Income is Income is Income and all Income
is Taxed Equally. Wages, Profit Sharing, Bonuses,
Rents, Royalties, Dividends, Capital Gains, Stock
Options, Valuation of Executive Perks, etc.
-wrt- No Loop Holes and Less Tax Cheating

Point-of-Fact : Income Tax would be and Individual's
Tax on Income; Singles File their Taxes as Individuals;
Couples {Married} Each File their Taxes as Individuals;
Minor Children with $35K+ Incomes File their Taxes
as Individuals too.

RESULT : 50% of US Tax Income Payers would not
have any Income Taxes and would not have to worry
about their Income Taxes cause it would not apply to
them at all.

~ RHF