Originally Posted by
RonPaulIsGreat
oh fun, I get to play king!!!!!!!!!! my favorite game.
So assuming can't just abolish the US entirely, which would be my preference. So, I'll pretend I'm ruling the US as is with the intention of keeping it intact.
Welll...... let's see.
1. Property tax, but each person or eligible dependent is allocated 25,000 property appraisal exemption which can only be applied to one residence, which must be registered as primary residence. So, if your house is valued at 150,000, and you are married, and have 2 kids... Congrats you can while in that situation deduct 100,000 off the appraised value, and only be "taxed" the portion not covered. At 70+ years of age, no property tax shall be charged on any current active primary residence one has lived in for at least 3 years. Also this deduction would not allow any portion of the household rented be eligible for the exemption, and the 25,000 dollar would be adjusted to approximate the area utilized by dependents/spouse only. Adult children over the age of 25 will not be allowed to be claimed even if dependent unless permanent guardianship has been granted to the owner(s) of the property. All property tax dollars are to be pooled and distributed according to population density of the governed area, and consideration will be given to provide for extra funding to facilitate transport services in rural school districts. Under no circumstance can the 25,000/ person property tax allowance/exemption result in in a negative property tax situation, as in 0 is the lower bound for taxable property tax, if one had 4 children and a spouse living in a 100,000 dollar house that would result in a -50000 property tax assessment obligation, but no refund or credit would be generated.
2. Sales Tax(vast bulk of taxes would be collected this way). Essential basic food items would not be taxed at any level. The goobermint will send annually (or refill current card) to all citizens a sales tax exemption card to be scanned at POS valued at 4000.00. In the case of a married couple or if one has dependents the value would be merged to a single card upon request(married sharing tax exemption) As in 4000.00 dollars worth of taxable purchases can be excluded from taxation / annum, not 4000.00 dollars worth of taxes. And this "exemption" Can not be applied to Gas Tax, gambling tax, etc... only to items not subject to other tax schemes. One will simply scan the exemption card before swiping your debit card or paying with your favorite cryptocurrency.
3. Gas Tax... Essentially a different sales tax calculated based on cost of road maintenance and construction, or tax based on mileage/vehicle type as would be necessary if electric cars take over.
4. Gambling Tax..
5. Drug, alcohol tax.
6. Prostitution tax.
7. Capital Gains tax of 15% on CApital gains over 50,000 in a given year. If a person is over 65 and has held an investment over 5 years up to 100,000 in capital gains / year tax free.
No town, city, state, or any other governing body other than the Federal government may levy taxes on any citizen. All taxes are a function of the god entity known as the federal government. Funds will be distributed by the federal government to local bodies based on a standardized criteria. Large projects such as bridges, and core infrastructure deemed in the "general" interest and benefit of the region can be paid for directly from the federal purse.
That's about it.
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