What kind of tax increase will YOU accept?

You want to raise my taxes? OK. Then here is what I will agree too.

I think I have a tax increase that even the TEA party will endorse. Few to no arguments about it in Congress. A bill that can be passed in just a few days. Plus it is simple enough that it will fit on a couple of pages of paper and everyone with a 6th grade education can understand it.

It’s another new tax. I call it the absolute tax. It’s a 3% tax on your total income. And everybody pays it.

First of all we start with ZERO. No one, no matter how much or how little money they make gets more income tax back that they actually paid in. The best you can do is not owing anything at all. They call it an INCOME TAX, because it is not an INCOME GIFT.

Then we add in the absolute tax. Everyone pays this tax.

All income, from ANY source, no matter what the source is. Wages, investments, retirement, gifts, disability, and child support . . . ANY and ALL income you get. You pay the tax if your income is made here in the US, or overseas. If you are a US citizen or an alien who lives in the US for more than 6 months, YOU PAY!

If all the income you get is $500 a month in child support (like my niece), you pay $15 a month. If you’re like my brother-in-law and live on disability and get $1,250 a month, you pay $37.50 a month. If you make $10,000,000 you pay $300,000.

But this is IN ADDITION to your current taxes!

So my brother-in-law ends up with a total tax bill of $450 a year. My niece’s total tax bill will be a whopping $180 a year, less that she spends on diet coke. And a 1%er making ten million a month will pay an increase of $3,600,000 in additional taxes.

Now everybody has some skin in the game.

I would prefer massive across the board tax cuts. but with the current administration we all know that it is more likely to snow in hell. So if we are forced to absorb a tax increase, this it the one I want.

So the question is would you support this tax increase?