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Tax idea

PostPosted:Tue Apr 17, 2007 4:39 am
by ekcol
This is somewhat simple:

a) There are no taxes on a daily basis. So sales or income tax. Nothing.

b) Twice a year (maybe 3 or 4 times, I don't know) one's net worth is assessed and a percentage of that is taken as tax. This percentage would be somewhat high, maybe 25-30ish, and it would be a flat rate. This assessment DOES NOT include possessions one owns, only "loose" money.

c) Businesses would be taxed in much the same manner - a profit tax at the end of each quarter. This tax would be on a progressive scale, meaning that Wal-Mart would pay an a lot higher percentage than mum and pop's store on the corner.

The idea here really is just to encourage materialism. The more you buy, the less taxes you pay! People are buying more on the whole from big stores and companies than little shops, which are taxed accordingly.

Re: Tax idea

PostPosted:Wed Aug 05, 2009 6:37 am
by jacobfernandas
If I claim my daughter as a dependent because she is a full-time college student, can she claim herself as a dependent when she files her return?