Joel Gill for
Congress
3rd District MS
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INCOME TAX
"The current Income Tax system is a hodge podge of hard to understand complex rules designed to modify citizens behavior, This system cannot be fixed. It must be revamped from the beginning creating a fair tax to all.
For those earning minimum wage, they should pay no income tax at all while still being able to qualify for the earned income credit, the only current facet of the system I would keep. A fixed percentage of all workers earnings greater than the minimum wage should be collected equally on all salaries and investment income with no additional deductions.
Only a simple system can be truly equal to all. This percentage must be set based on the budget passed by the Congress. We cannot continue with deficit spending and provide any kind of secure future for the generations to come."
For those earning minimum wage, they should pay no income tax at all while still being able to qualify for the earned income credit, the only current facet of the system I would keep. A fixed percentage of all workers earnings greater than the minimum wage should be collected equally on all salaries and investment income with no additional deductions.
Only a simple system can be truly equal to all. This percentage must be set based on the budget passed by the Congress. We cannot continue with deficit spending and provide any kind of secure future for the generations to come."
"Each year the tax rate would be set be the OMB based on the budget passed by Congress to ensure a balanced budget. A rate that would change yearly depending on what the people request funding for will spark a serious discussion among taxpayers of what program to increase, reduce, or eliminate altogether."
""Wealthy citizens can no longer be afforded a free ride at the expense of the poor and middle class. However it is important to remember that if the richest citizens in the Nation were taxed at 100%, it would still not be enough to fund our government.
The vast majority of wealth in our country is in the hands of the middle class. It will be through all sectors paying a fair share that our budget needs can be met. A tax that is fair will help all. I remind those of lower incomes, that a Soak the Rich strategy is doomed to failure.
Under a tax that is truly fair, the wealthy would pay more. 20 % of $2,000,000 less the minimum wage deduction is considerably more than 20 % of $60,000 should 20 % be determined to be the magic amount."
