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WCGreen

(45,558 posts) Fri Nov 16, 2012, 07:00 PM Nov 2012

Cut the Military by 10%... [View all]

Close the gap between the tax rate for capital gains and earned income...

Raise the top marginal income tax rate to 39%...

Limit the interest deduction for the second, third, fourth and etc "homes"...

Go after income siphoned into foreign tax havens...

Limit the deduction for CEO's to only 40% higher than the companies minimum wage. Anything after that will not be deductible by the company...

Limit the amount of stock options for senior executives...

If stock options are being offered to senior management, they have to be offered to every other employee...

Stock Options redeemed before 3 years will be taxed at 50%...

These are some of the proactive changes in the US Tax Code that I believe should be instituted in order to change the short term culture that has siphoned vast wealth to the the top of the top...

21 replies

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Highlight:

Cut the Military by 10%... [View all] WCGreen Nov 2012 OP

These are good ideas... CaliforniaPeggy Nov 2012 #1

Cut the Military by 90% Gregorian Nov 2012 #2

That could be a goal, perhaps cut a percentage over a defined time frame... WCGreen Nov 2012 #6

I thought of that. We'll be lucky if they even pass the filibuster rule on Senate day 1 next year. Gregorian Nov 2012 #19

America spends sickeningly large amounts of money on the military complex rustydog Nov 2012 #13

Raise the income cap edhopper Nov 2012 #3

You would have to do it over a few years since there are legitimate people WCGreen Nov 2012 #4

That would be fine edhopper Nov 2012 #8

And we'd still be the baddest asses on the planet. trof Nov 2012 #5

Well thought out. cheers MrYikes Nov 2012 #7

I would support charitable deductions but LiberalFighter Nov 2012 #10

I would have the top tax bracket higher LiberalFighter Nov 2012 #9

Eliminate the home mortgage deduction. About 100 billion in tax revenue right there. Kaleva Nov 2012 #11

10% would be a drop in the bucket to DOD spending Victor_c3 Nov 2012 #12

$718B DoD in 2010. Total military expenditures for that year were in excess of $1.6T. Egalitarian Thug Nov 2012 #18

privatized army mdohoney Nov 2012 #14

Works for me.... WCGreen Nov 2012 #15

K&R This is one model for success. Now how do we get anybody that matters to push for it? Egalitarian Thug Nov 2012 #16

K&R Well thought out! nt ProudProgressiveNow Nov 2012 #17

Cut It By 50% At The Very least colsohlibgal Nov 2012 #20

Drop the empire and convert it to a domestic emergency force. JackRiddler Nov 2012 #21