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LOUISA VIRGINIA

The Problem:
Everybody wants more benefits with a smaller government but with less tax. Congress panders to these desires but they also pander to the desires of “special interest” lobbyists who demand policies slanted to their interests. Over the years, congressional actions have resulted in completely asinine, corrupt, complex taxation laws consisting if thousands of pages of loop holes and complex deductions leading to manipulation by the shrewdest filers. They continue to legislate unfunded mandates leading to the need to borrow trillions adding to our unsustainable national debt.
The Solution:
Constitutional Amendment for balanced budget
Simplified “flat tax” system
Addition of a “value added tax” (VAT)
Line Item Veto
Following is a proposed half page of “new tax guidelines”
Income Tax:
0 to 15K = 0
15 to 75K = 1.5% to 7.5%
75 to 100K = 10% to 20%
200 to 1000K= 25%
All over 1000K = 30%
To be collected as pay roll tax
Value Added Tax:
3% +/- adjusted to meet Balanced Budget
To be collect along with state sales tax.
Fuel Tax:
Increase current fuel tax Xs 20%/year for 5 years.
Airport User Fee:
$20 per passenger
Carbon Tax on Utilities
(TBD)