Here are some ways to stimulate the economy, save money, generate more revenues, and reward sacrifice:
1) Eliminate taxes for eveyrone that makes under $40k a year. People that make under this amount spend their money right away. Also, the adminstrative hassle of collecting and monitoring this income is extremely expensive.
2) Provide volunteers in the US military a 5 year tax holiday starting this year. People that sacrafice for the good of the country should get a leg up in economic competition.
3) Eliminate the cap on social security earnings. Social security isn't a "real program" rather it is a fictional construct that draws from general tax revenues. [John Robb's Radio Weblog]
If taxes were eliminated for everyone making under $40,000 I would be strongly tempted to ask Symantec for a pay cut. On paper I make about $65,000 including bonuses, but after taxes I really only get about $45,000. I think a $5,000 pay cut would be worth it to deny the government $20,000.
6:09:17 AM
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