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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 454.39+6.4%Feb 3 4:00 PM EST

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To: Cogito Ergo Sum who wrote (81478)10/16/2011 7:28:36 AM
From: Haim R. Branisteanu7 Recommendations  Read Replies (2) of 220005
 
How income and income tax distribution can be easily resolved if there is a political will.

1. Federal VAT of let say 8% to 10% (luxury and expensive items will rise the most) which will increase manufacturing within the US and generate more jobs. ( exempt from VAT, food, books, PC and Tablets, utilities, internet, telephone etc.)

2. Progressive capital gain taxes on existing stocks, on Hedge Funds and LBO firms (not on IPO or VC investments) similar to income tax.

3. Financial Transactional tax of 0.1% to 0.2% will increase temporarily volatility but markets will adjust WS firms will suffer most.

4. Limits on tax deduction of mortgage interest. Let’s say a gradual limitation starting from $500,000 or so.

5. No increase in the top income tax rate as it is counterproductive and generates more tax evasions schemes

6. Corporate dividends paid regularly should be tax free income as taxes where paid already. Will eliminate the cash hoarding by corporation which later will ask for a “tax holiday” to bring the money home.

Other ideas are welcome
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