The "American Taxpayer Relief Act" RAISES Taxes... there is no tax relief in it. Here are five examples that impact higher income taxpayers... "The American Taxpayer Relief Act of 2012, also known as the fiscal cliff tax bill, raised tax rates on wealthy individuals' ordinary and investment income. That legislation also reduced some ways that richer taxpayers can lower their now higher taxes. Two Affordable Care Act provisions aimed at wealthier individuals also took effect in 2013." 1) 39.6 percent top tax rate 2) 20 percent capital gains tax rate 3) 0.9 percent added payroll tax 4) 3.8 percent net investment income tax 5) Reduced deductions, exemptions http://finance.yahoo.com/news/5-higher-taxes-for-wealthy-taxpayers-193129708.html
all the politician's power is in the tax code. Need a change in your tax or some money from the taxpayers to subsidize your operation? Hire a congressman. Take the power of the tax code away from them and Washington D.C. would be powerless. And they know that.
(Tapping on side of 3/4 empty glass of iced tea...) Gentlemen...gentlemen... May I have your attention, please? Now I realize that many of you were taught, as children, that you spell "relief" as: r-o-l-a-i-d-s. However, there is a new and modern way that I would like to point out in which this word is more accurately spelled. The new and improved way to spell "relief" is either of these: C-0-N-S-U-M-P-T-I-O-N T-A-X OR F-L-A-T T-A-X Thank you for your attention.
or...you could just do it like g-d commanded in the Torah. 10% net worth tax. Every year on Dec 31 you get assessed on your net worth, and 10% goes to the government.