National Refendum on Tax Code -- grass roots politics

I have started a petition to the US government:petition: The White House

quote:

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we petition the obama administration to:

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Hold a national referendum on the tax code and proposed changes through a series of conventions in each state that any citizen can attend, participate in, and where the proposals are voted on by the people in attendance.

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The goal is a fair and just system that comes from the people rather than special interest groups.

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This can be achieved by the process of elimination -- removing the proposals with the least votes: compile the top 10 from each state, and then vote nation-wide, take the top 10 and vote again, then the top 5 and vote again, and then taking the top 2 and vote for the final plan. Let everyone have two votes: one for, and one against.

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Future changes to the tax code could then be approved by the people during national elections.

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You will need to sign up to vote for any of the proposals (presumably cuts down on multiple signings).Note that I need 150 signatures for the petition to be published on the petition website: Error 404People will need to sign up for a free login to sign (and you can then sign any petition that is published).Enjoy

If the US has any hope of major reform I think a first step needed is to revise Inheritance Tax to prevent the continuation and growth of a monied class.

In addition, it has to treat capital gain income just the same as salaries.

Hi jar, So what's your proposal? My brothers and I are currently looking at $90,000 inheritance tax, while my older brother and I are retired and that is nearly the salary of the younger one.Problem is that these can be substantial one-time events. Perhaps they could be treated like IRA's rather than income -- with the option to have them doled out as an annuity rather than a lump sum.The other side of the argument is that taxes were (presumably) paid as that wealth was built up by the parent, the children did nothing to create these funds and so it is not tax on their work\action\investments.Enjoy.Edited by RAZD, : added

Hi ramoss, Agreed -- anything that results in net increase in wealth since the previous year should be taxed on the same basis.See The 50-50-50-50-50 tax and economic plan. for additional comments.Enjoy.

First let me make sure everyone understands that I am talking about inheritance tax as opposed to an estate tax.I think the tax should be on a progressive scale that is based on multiples of the prior years single person poverty rate. If the person getting the inheritance takes it as an annuity then it would be tax on the amount that would be received during each tax period; if taken as a lump sum then it would be a much higher tax based on the relationship between the total amount and that years single person poverty rate.

Hi jar, What is the difference? But tax was paid when the money was earned -- shouldn't this be regarded the same as a ROTH IRA?Just asking.Enjoy

An Estate tax is based on the total amount before any distribution. An Inheritance tax is based on the actual distribution to each individual. This is really important when considering a progressive tax rate.Inheritance is not just money earned, it can be land that has appreciated or other objects.

Hi Jar, Gotcha, thanks,Now looking for more signers to the petition -- we currently have 6 and need to have 150 total to be published in the public domain.Share on facebook or twitter if you can.The White HouseEnjoy

What good would the proposals do?Constitutionally it is the Congress that has power over taxation.Besides, who has the time to attend conventions besides filthy rich people who don't have to work for their money?

Hi Jon Tell the politicians what the people want, what they can run on for the next election. And they need to be told what the people want, not the special interests. If held in summer, college students, unemployed, retired, people on vacation, etc etc.If you are really interested in solutions you will find a way.Enjoy.Edited by RAZD, : .

Opinion polls do that; and the politicians still run on the 'we are gonna screw you over' platformand they still get elected! They don't care what the people want; the special interests decide that. ... to just go and vote in November for politicians that might make a difference.I just don't see anything being fixed by this.It's a good ideal, though.

Now have 7 signatures ... still need 143 to get launched in the public domain ...