SENSIBLE TAX REFORM 

3 PART HUMAUCRACY TAX PLAN

Immediately enacting the 3 part Humaucracy Tax Reform plan will create 3 million jobs, substantially reduce debt, pay down the deficit while more than 1/2 trillion dollars per year.


PART 1 - Financial Transaction Levy

Immediately enacting the 3 part Humaucracy Tax Reform plan will create 3 million jobs, substantially reduce debt, pay down the deficit while more than 1/2 trillion dollars per year.

The finance industry no longer does its job in the USA which is to create wealth and businesses for the real economy. Finance also jeopardizes our economy with risky speculation. For that reason, finance must pay its share of the tax code to compensate the general economy for what it takes out. 

1/4 of 1 % transaction levy on electronic stocks trades, 0.01% on bonds, swaps, options. Add a 1% premium on last hour speculation/panic trades. 

The good news is that with the Humaucracy plan the revenue of this financial transaction levy will be dedicated to go directly to three specific parts of the economy, bypassing the government entirely.

    • 1/3 or $ 100 billion will go directly to the reduction of the US Debt.
    • 1/3 or $100 billion will go directly to job creation zones in every state across the country to be used as loans to local individuals, entrepreneurs & job creating business in amounts of $1,000. This will create 1 million jobs per year!
    • Lastly, since finance is a direct threat to the general health of the individuals and communities who make up our economy, 1/3 or $ 100 billion will go towards paying for the primary health care plan that will be rolled out to all Americans.

PART 2 - America's Tax system is Broken

America's corporate tax rate is among the highest in the word, but US large corporations now pay a historically low % of the USA's total tax revenue. The US tax code is also among the most complicated as it is loaded with special interest loopholes, deductions & distortions handed out to favorites & well funded contributors to the Republicans & Democrats.

  1. First step, eliminate every deduction, loopholes or tax break that has one industry pay a lesser effective tax rate than another. 
  2. Second step, reduce the tax rate from 35% to 27.5%, more in line with most advanced economies. Then, make the corporate tax code progressive with a 10% & 20% bracket for corporations with lesser revenues. Tax only profits & no taxes on 1st $50,000. 
  3. Lastly, incentivize job creation by providing for further proportionate reduction of tax rate with each job created. This will create 1 million jobs per year.


PART 3 - For individual taxes, let's keep it real simple first.

Cap deductions @ $33, 000 per year. This will generate an extra $100 billion for the US Treasury to create jobs, pay for education or reduce debt.

This Levy would generate $300 billion per year for the US Economy!

Fix Corporate Taxes first, Personal Taxes second