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Democrat Senate Candidate Backs New "Minimum Tax" For All

Anonymous11565 Wrote: Sep 22, 2012 2:07 PM

AMEND THE CONSTITUTION: Any program which collects money from citizens is a tax. No other definition for collection is allowed. All tax shall be collected as a money transfer tax. The payer shall be responsible for the tax and the rate should be fixed at 6%. Collection is automatic when payment is made. Should there not be a sufficient amount to cover the payment and tax, the transfer is void. There are to be no exceptions, depreciation, write-offs not anything resembling these reductions in payment of the tax. Any corporation doing business with the United States of America or its citizens shall pay the tax on all moneys it comes in contact with during the course of its business anywhere. No exceptions.

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Anonymous11565 Wrote: Sep 22, 2012 2:07 PM

All other federal taxes and fees are abolished. Only exception is transfer into and out of an individuals savings or retirement account (NO corporations, etc). Transfer out of those accounts are to be made into a spending or regular account only and without tax.

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Democrat Senate Candidate Backs New "Minimum Tax" For All

Virginia Democratic Senate nominee Tim Kaine probably wishes he could hit a "do-over" button. During a televised debate with GOP candidate George Allen, the former DNC Chairman came out in favor of a new federal "minimum tax for everyone," including tens of millions of low and middle class American families:

In his haste to demagogue Mitt Romney's '47 percent' comments, Kaine fell into a trap. As Romney stated, roughly 47 percent of all American households pay zero or negative federal income tax rates. Many...

Related Tags: George Allen Virginia Tim Kaine Tax Increases 2012 Senate