Sunday, May 10, 2015

All Income of Individuals & For-Profit Entities Should be Taxed at Graduated Rates.


For individuals, all income wherever in the world it is earned whether it is wages or non-wage income should be taxed at the same progressive or graduated rates.

All income wherever in the world it is earned of all for-profit US entities, corporations, limited liability corporations and associations and estates, regardless of their mailing addresses, should be taxed at the same progressive or graduated rates. 

So income regardless of its source and regardless of where it is earned should be taxed at the same progressive or graduated rates.  Thus interest, dividends and capital gains should be taxed at the same progressive or graduated rates.

Hedge fund managers and billionaires and large corporations and small corporations should be subject to the principle that the more money you make, the more you pay in taxes.

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