The Current Income Taxing System
(1) It raises the tax rates faster on low-and-middle incomes than it does on high incomes.
When the rates and incomes are graphed they produce a negatively accelerating curve.
(2) It has different taxing scales for various wealth-receiving entities [Single; Married, filing
jointly; Married, filing separately; Head of a household]. Why should the tax rate vary
depending on the social status of the wealth-receiving entity?
(3) It taxes wealth received on different scales according to the source of the wealth [working,
capital gains]. Why should the tax rate vary depending on where the wealth came from? Why is wealth received from not working, taxed at a lower rate than wealth received from working?
(4) It has different definitions of income. One entity is taxed on wealth received. Another
entity is taxed on wealth received minus the entity's expenses [would these be some examples:
food, water, clothing, soap, housing, transportation?]. No, but why not? These items are
necessary expenses to maintain the entity as a producer(Income = Revenue - Expenses).
(5) It is very complicated [tens of thousands of pages].
(6) What is the IQ level of people who consider this a Fair Tax system?
For more information about the current income taxing system, purchase:
© a profound book ©
Book Chapters
1. Current Income Taxing System
3. Flat Tax
4. Value-Added Tax (VAT)
5. 30% National Sales Tax (NST)
6. 331 Sales-Pitches for NST
8. New, Straight-Line Income Taxing System
Chapter Blurbs
1. Rates increase faster on low-and-middle incomes than on higher incomes
3. Raises tax on poor, lowers tax on rich
4. A hidden, varying retail sales tax rate
5. Poor's effective income tax rate raised from 10% to 23%.
Rich's effective income tax rate lowered from 35% to ~19%
6. 331 NST Sales-Pitches refuted
8. Rates increase the same for all incomes. Lowers taxes for 95 million tax returns.
Increases taxes for 1 million tax returns.
To purchase items to help promote the Straight-Line taxing system,
go to marketing-tax-99.info
| Fair Tax: Analysis By 99-Percentile-IQ
Five Federal Taxes are Analyzed: 1. Current Income Tax - a Fair Tax? 2. Flat Tax - a Fair Tax? 3. Value Added Tax - a Fair Tax? 4. National Sales Tax - a Fair Tax? 5. The New, Straight-Line Tax - a Fair Tax! Harris Dyes |
|---|
current-tax-system.info
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Some of the subjects that the book is covering.