National Household Income
Im an amateur at this but I was interested in how the numbers would look by using my hybrid tax policy?
1. 5% National Sales Tax on ALL goods and services…
2. Eliminating our 10% tax bracket…
3. Exemption for adults up to the POVERTY LINE…
4. 1/2 POVERTY LINE exemption for children…
5. consolidating our tax brackets into three… first, from poverty line to MEDIAN household income would be our new 15% bracket… from MEDIAN income to our current 30% threshold would be our new 25% bracket, and from (THAT NUMBER) and over would be our 35% bracket…
6. Corporate taxes would follow the same as income tax…
7. Businesses would get an immediate write-off on all capital investment. NO DEPRECIATION!
8. The only deductions allowed in our tax code, because of the generous exemption, would be mortgagte interest, retirement savings, and charitable contributions…
I like the idea, but it creates a whole slew of problems.
First off, I like the 5% sales tax. I wouldn’t be surprised if the government starts to implement a sales tax in the next few years to balance the budget. However, a sales tax that high creates a problem with import/export. By creating this tax, it becomes more costly for foreign goods to purchase our items. It would significantly reduce the ability for the US to export, causing our trade imbalance to be even higher.
Next, poverty line is not a national issue, its a regional or even local issue. In New York, for example, poverty line is probably around 30k-35k a year. However, in the midwest, that is a decent living. So do we make exceptions on a local basis? Or do we make it unfair and have the poverty line be flat.
Next, the immediate write off issue. I know if that came around, I’ll start a corporation, buy my home with it, and let the government completly subsidize the cost with a tax write off. In other words, there are going to be so many tax shelters created that the government is going to end up being a huge looser.
Finally, what about education and healthcare credits. They are the #1 and #2 fastest growing costs in the US. To all of the sudden eliminate the benefits of going to school or the help the government gives you if you get sick is going to be probably the worst thing for people. And it won’t effect the upper class, because they are already fazed out of these credits. It will effect the lower class, especially seniors who get sick.
In theory, it sounds great! However, once you change things, a whole new slew of issues arise.
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Experimental Poverty Measures: Summary of a Workshop $18.90 … |
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The role of public transit in the mobility of low income households … |
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The value of household work in the 1980’s … |
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One-income Household $11.65 One-income Household |
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National Income 1924-1931 $180 National Income 1924-1931 |
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Farm Household Income $35 In most OECD countries, farm household incomes figure prominently among the wide and growing range of concerns described as motivating policy interventions in agriculture. The first part of this report provides an overview of the income situation of farm households and examines the influence of agricultural and of tax and social security policies on them. |
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One-Income Household $12.15 Layoffs, health problems, divorce, staying home with the kids?there are many reasons why families may find themselves living on only one income… |
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One-income Household (Paperback) $13.81 With the rise in unemployment, families who are forced into a new income bracket will find a wealth of information in this guide, which includes tips on how to budget for essential costs; sell, rent, or take out a loan on one`s house; commute and get around town affordably; pay down debt; and secure health insurance. Original. |
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The Change in the Distribution of the National Income, 1880-1913 $10.05 The Change in the Distribution of the National Income, 1880-1913 |
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Zodiac FleaTrol Household Room Fogger $6.49 Zodiac FleaTrol Household Room Fogger |
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Equal Shares Income Plan $11.48 Equal Shares Income Plan (ESIP) describes how if you made less than $85,226 as a qualifying household last year, you are not getting your fair equal share of national income, which you deserve as a citizen of the United States of America. The Equal Shares Income Plan is founded on a new theoretical economic philosophy called Desirable Whole Economics (DWE). DWE is contrasted with the outdated Scarcity Economics (SE) theory which has prevailed in the western world for the past 300 years. SE theory is described as personal profit making theory, the "dog eat dog", "I’ll take it out of your mouth and put it in my mouth," selfish economics that breeds contempt on the part of a rich few for the overwhelming majority of poor people. Desirable Whole Economics (DWE) explains why the personal profit making system (SE) must inevitably bring about inequality in income and wealth, and anti democratic social practices. Indeed, it explains why in the long run the personal profit making system must come to an end. This book also introduces the Stooper family and their system of family values, as a basis for national planning and policy making. DWE emphasizes the importance of each individual to society. In DWE the janitor at the Carlyle Hotel is as important as the president of the United States. |
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International Comparisons of Household Saving $25 Governments and corporations may chip in, but around the world houshold saving is the biggest factor in national saving. To better understand why saving rates differ across countries, this volume provides the most up-to-date analyses of patterns of household saving behavior in Canada, Italy, Japan, Germany, the United Kingdom, and the United States. Each of the six chapters examines micro data sets of household saving within a particular country and summarizes statistics on patterns of saving by age, income, and other demographic factors. The authors provide age-earning profiles and analyses of the accumulation of wealth over the lifetime in a clear way that allows quick comparisons between earning, consumption, and saving in the six countries. Designed as a companion to Public Policies and Household Saving (1994), which addresses saving policies in the G-7 nations, this volume offers detailed descriptions of saving behavior in all G-7 nations except France. |
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Public Policies and Household Saving $25 The declining U.S. national saving rate has prompted economists and policymakers to ask, should the federal government encourage household saving, and if so, through which policies? In order to better understand saving programs, this volume provides a systematic and detailed description of saving policies in the G-7 industrialized nations: the United States, Canada, France, Germany, Italy, Japan, and the United Kingdom. Each of the seven chapters focuses on one country and addresses a core set of topics: types of accumulated household savings and debt; tax policies toward capital income; saving in the form of public and private pensions, including Social Security and similar programs; saving programs that receive special tax treatment; and saving through insurance. This detailed summary of the saving incentives of the G-7 nations will be an invaluable reference for policymakers and academics interested in personal saving behavior. |
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Household Behavior and Family Economics: Indifference Curve, Disposable and Discretionary Income, Medieval Household, Consumer Theory $14.14 Household Behavior and Family Economics: Indifference Curve, Disposable and Discretionary Income, Medieval Household, Consumer Theory |
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Business Cycles and National Income $18.98 Business Cycles and National Income : Expanded Edition by Alvin H. Hansen Expanded Published in 1964 by W. W. Norton & Company |
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International Comparisons of Household Saving (National Bureau of Economic Research Project Report) $30.98 Governments and corporations may chip in, but around the world houshold saving is the biggest factor in national saving. To better understand why saving rates differ across countries, this volume provides the most up-to-date analyses of patterns of household saving behavior in Canada, Italy, Japan, Germany, the United Kingdom, and the United States.Each of the six chapters examines micro data sets of household saving within a particular country and summarizes statistics on patterns of saving by age, income, and other demographic factors. The authors provide age-earning profiles and analyses of the accumulation of wealth over the lifetime in a clear way that allows quick comparisons between earning, consumption, and saving in the six countries.Designed as a companion to Public Policies and Household Saving (1994), which addresses saving policies in the G-7 nations, this volume offers detailed descriptions of saving behavior in all G-7 nations except France. |
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Citrus Magic All Purpose Household Products Cleaner $5.39 Citrus Magic All Purpose Household Products Cleaner |
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Zodiac FleaTrol Household Carpet and Upholstery Spray $11.49 Zodiac FleaTrol Household Carpet and Upholstery Spray |
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