In no particular Order:
1) Legalize Marijuana.
2) Provide Single Payer Universal Health Care.
3) Reform non-violent prison sentences into community service.
4) Provide free college educations to veterans and volunteers.
5) Radically reform Copyright laws to allow for Net Neutrality.
6) Bring back a light and heavy passenger rail system like Europe's.
7) Make all autos electric powered.
8) Create energy using only wind, solar, geothermal, and waves.
9) Bring all of our troops home from everywhere.
10) Take Tazers away from Cops.
11) End torture and war crimes.
12) End domestic spying on US citizens.
13) Allow strait and LBGT civil unions & take the govt out of marriage.
14) Increase border inspections 1000 fold.
15) End farm and corporate subsidies.
If you want clarification for any of these, let me know. I'll be happy to talk your ear off.
Monday, April 5, 2010
Adjusting my Tax Programs
After reviewing some of the data I used for my first post, I realized that there were some errors in my understanding of the data. Because my plan was based on my original understanding and not the correct interpretation, my numbers were in correct. Currently the the U.S. budget is $3.55 Trillion. The States total budget is $1.5 Trillion (30% of which comes from the federal government). So our total budget is $4.3 Trillion.
Total budget (spending) per capita its $13,870.
States budget (spending) only per capita is $2420.
Federal budget (spending) only per capita is $11,450.
Each man woman and child in the U.S. pays an average of $9,000 in taxes and payroll deduction to the government. Each business (35 Million total) in the U.S. pays $12,000 in total taxes, on average. This does not include state taxes.
I think I can cut total spending from $4.3T down to $3.0T, this will cut the total budget by 25% saving Americans $1.3 Trillion. But I can also refocus spending to still have the things Americans demand:
$1 Trillion to State Spending (with prisons spending mandate: only 10% of budget)
$500 Billion to Defense (Military, NSA, DHS, Border Control)
$500 Billion to Education & Justice (Sciences, Arts, Human & Civil Rights, Courts)
$500 Billion to Commerce and Environment (Infrastructure, Transpt, Agriculture, Energy, Utilities, EPA)
$250 Billion to Universal Health Care (FDA, Dept. Health)
$200 Billion to Pay down Debt (only needed for a few years, until paid off)
$50 Billion to Inspector General & Govt Operations (fraud, waste, & abuse plus salary of elected and appointed public officials)
$3.0 Trillion in total spending. So now we need to collect $3.0 Trillion in revenue:
The average income for a U.S. worker is $40,000 (including benefits and before taxes). Therefor a tax of 15% on the workers (18+ and able) of America would generate about $1.2 Trillion total (which is 8% of total U.S. GNI). We need to make up the difference with a tax on businesses of 12% of total U.S. GNI, thus $1.8 Trillion.
The average business in the U.S. profits $200,000 a year (yes, I know there are outliers, but outliers are captured by the effects of percentage). If we tax the average business 30% we can generate $1.8 Trillion in taxes. Why the heavier "burden" on corporations? There is 1 business for every 10 people. Because the average business consumes about 20 times the amount of natural resources and government resources as an individual does, their actual cost to society is far higher than the actual cost of 10 individuals. Therefor they should be expected to pay more.
15% personal income tax = $1.2 Trillion
30% corporate profit tax = $1.8 Trillion
Total Revenue $3.0 Trillion
Revenue = $3.0 Trillion
Spending = $3.0 Trillion
Deficit = $0.00
This would force the end to all forms of taxes from local, county, and states. It would also end all tariffs, excise taxes, sin taxes, estate taxes, utility taxes, etc. Of course, this would be adjusted each year to follow inflation/deflation.
To do this tax & spending plan, I propose a Constitutional Amendment called the Spending, Revenue, Fairness, and Person-hood Amendment. This amendment will end all earmarks and filibusters (limiting the potential of corruption and grid lock in congress). It would establish term limits for the federal house and senate (ending the potential for corruption). It would require a balanced budget. It would define person-hood as only an actual living human being (ending corporate person-hood status). Finally, it would reserve the right to tax to the federal gov't only (as originally intended by the founding fathers; they didn't expect states to start taxing their citizens).
The $1.3 Trillion in cuts from our current $4.3 Trillion budget will come from ending the $700 Billion social security plan (phased out over time so thus that are close to or already retired won't be hurt). States will now take over the role of providing social services to their retired, elderly and disabled.
Defense spending will be cut by $1.5 Trillion (currently $2 Trillion is spent in National Defense). Of that $1.5 in cuts to defense spending, $600 Billion will be wiped off the books and the remaining $900 Billion will be transferred to other departments and agencies.
Now its edited.
Total budget (spending) per capita its $13,870.
States budget (spending) only per capita is $2420.
Federal budget (spending) only per capita is $11,450.
Each man woman and child in the U.S. pays an average of $9,000 in taxes and payroll deduction to the government. Each business (35 Million total) in the U.S. pays $12,000 in total taxes, on average. This does not include state taxes.
I think I can cut total spending from $4.3T down to $3.0T, this will cut the total budget by 25% saving Americans $1.3 Trillion. But I can also refocus spending to still have the things Americans demand:
$1 Trillion to State Spending (with prisons spending mandate: only 10% of budget)
$500 Billion to Defense (Military, NSA, DHS, Border Control)
$500 Billion to Education & Justice (Sciences, Arts, Human & Civil Rights, Courts)
$500 Billion to Commerce and Environment (Infrastructure, Transpt, Agriculture, Energy, Utilities, EPA)
$250 Billion to Universal Health Care (FDA, Dept. Health)
$200 Billion to Pay down Debt (only needed for a few years, until paid off)
$50 Billion to Inspector General & Govt Operations (fraud, waste, & abuse plus salary of elected and appointed public officials)
$3.0 Trillion in total spending. So now we need to collect $3.0 Trillion in revenue:
The average income for a U.S. worker is $40,000 (including benefits and before taxes). Therefor a tax of 15% on the workers (18+ and able) of America would generate about $1.2 Trillion total (which is 8% of total U.S. GNI). We need to make up the difference with a tax on businesses of 12% of total U.S. GNI, thus $1.8 Trillion.
The average business in the U.S. profits $200,000 a year (yes, I know there are outliers, but outliers are captured by the effects of percentage). If we tax the average business 30% we can generate $1.8 Trillion in taxes. Why the heavier "burden" on corporations? There is 1 business for every 10 people. Because the average business consumes about 20 times the amount of natural resources and government resources as an individual does, their actual cost to society is far higher than the actual cost of 10 individuals. Therefor they should be expected to pay more.
15% personal income tax = $1.2 Trillion
30% corporate profit tax = $1.8 Trillion
Total Revenue $3.0 Trillion
Revenue = $3.0 Trillion
Spending = $3.0 Trillion
Deficit = $0.00
This would force the end to all forms of taxes from local, county, and states. It would also end all tariffs, excise taxes, sin taxes, estate taxes, utility taxes, etc. Of course, this would be adjusted each year to follow inflation/deflation.
To do this tax & spending plan, I propose a Constitutional Amendment called the Spending, Revenue, Fairness, and Person-hood Amendment. This amendment will end all earmarks and filibusters (limiting the potential of corruption and grid lock in congress). It would establish term limits for the federal house and senate (ending the potential for corruption). It would require a balanced budget. It would define person-hood as only an actual living human being (ending corporate person-hood status). Finally, it would reserve the right to tax to the federal gov't only (as originally intended by the founding fathers; they didn't expect states to start taxing their citizens).
The $1.3 Trillion in cuts from our current $4.3 Trillion budget will come from ending the $700 Billion social security plan (phased out over time so thus that are close to or already retired won't be hurt). States will now take over the role of providing social services to their retired, elderly and disabled.
Defense spending will be cut by $1.5 Trillion (currently $2 Trillion is spent in National Defense). Of that $1.5 in cuts to defense spending, $600 Billion will be wiped off the books and the remaining $900 Billion will be transferred to other departments and agencies.
Now its edited.
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