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Economy- I throw the old tax system out the door. I make it impossible to receive more back than paid in, which means that if you don't work you don't get money back! There are NO tax deductions. You get taxed on your gross and NO tax loop holes. Taxes start at $100,000 and is a progressive sloping scale. Meaning you are always better off making more money and there's no tax bracket. Meaning if someone makes $154,800 and someone makes $154,900 the two are taxed exactly the same on the $154,800 but the one who made $154,900 is taxed at a slightly higher rate on that last $100. Corporations are taxed 25% regardless. If you have grown to a size that you need to incorporate you will pay taxes. (LLC same rule applies) The highest paid employee in a company whether it's the owner, CEO, President ect CANNOT make more than 15 times the lowest. So if you are paying your lowest employee $7.25 an hour you cannot pay the highest more than $108.75 ($226,200 annual). So when these big corporations try to pay the CEO $50,000,000 they'd have to pay the lowest person $1602 an hour. So they won't. Profit sharing is not an option! 25% of the NET (after taxes) go to employees. Again the 15x rule applies.
That should motivate the people to who don't work to work. And should equalize some of the lopsided pay scale in Amerca. Also, paying everyone more WILL get the economy going. It also will get people off government assistance.
That should motivate the people to who don't work to work. And should equalize some of the lopsided pay scale in Amerca. Also, paying everyone more WILL get the economy going. It also will get people off government assistance.