Sunday, December 4, 2011

Thirteen Ways to Tax the Rich

Thirteen Ways to Tax the Rich



1. Require Professional Investors to Bring Their Offshore Trillions Back to US Banks.



2. Require US-Based Multinationals to Repatriate Funds Hoarded in Offshore Subsidiaries.



3. Incentivize Domestic Investment and Job Creation for Corporations Sitting on Trillions in Cash.



4. Implement a Financial Transactions Tax on Stocks, Bonds and Derivatives.



5. Raise Capital Gains, Dividends Tax and Restore Estate Tax to 1980 Levels.



6. End the Bush-Era Tax Cuts



7. Restore Top Personal and Corporate Tax Rates to 1980 Levels.



8. Stabilize State Revenues With a Business-to-Business 2 Percent Value-Added Tax.



9. De-Incentivize States' "Race to the Bottom" With a Relocation Tax.



10. Increase the Social Security Payroll Tax on Wages and Salaries (Earned Incomes).



11. Transform Social Security Into a True Social Insurance Tax.



12. Increase Medicare's 1.45 Percent Payroll Tax by 0.25 Percent.



13. Tax the "Big-Four Parasite Industries": Banks, Oil, Health Insurance and Big Pharma.



Read more: Thirteen Ways to Tax the Rich

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