Saturday, December 3, 2011

Grab bag of tax proposals

The tax code should have an income tax exemption for veterans, so $600 for each year of service up to a maximum of 5 years.  Often veterans give up more than they realize.  The people that don't serve are often further along in their careers when veterans begin their non-military working career - a head start that may make it almost impossible for the Veteran to ever make up the lifetime income gap.  That sacrifice should be recognized in the tax code.


We should raise taxes on the wealthy, in particular stop encouraging rampant speculation and asset bubbles with low capital gains taxes.  But we should also bring back income averaging, so those people who first hit the big strike can keep more of the income than those whose high income is a long term phenomanen.


Any organization that is granted limited liability should have to abide by a salary standard - mean, median and Mode - across the range of all employees.

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