Alternative Tax Position

Budget discussion is again the rage on the blogosphere. PGL at Angry Bear has this good commentary, as does Andrew Samwick with this overview piece. Republicans are accusatory about Democratic intentions, prior to any significant legislative measures even being advanced. The real content of the blogosphere, though, seems to wish and desire ‘Some Truth in Borrowing’ on the part of the Government. I personally have presented a numbers of way to Tax effectively, which I believe may be the entire Problem; no one desirous of an effective Taxation.

Everyone may have evolved to a position of ‘Spend and Spend, and Forget about Tax’.
A Land without effective Taxation, but One where the Government can pay the bills, with Everyone implying there is no effective way to Tax in the first place. There are good ways to Tax, and there are bad ways to Tax; but rare is there Tax which is ineffective. I decided in this Post to review high revenue-generating measures which would substantially increase Tax revenues, and maybe give some hint of the economic impact of Each.

1) Tax Filing Fee: A $25 Fee per Individual, and $250 Fee for filing Business Tax Returns will be assessed every Return. Tax Compliance will be generated by provision of the law stating failure to file by the registered Day will incite an automatic 30-day Jailing, or payment of a non-refundable Fine of $2500. Exemption will be granted only to those Responsible Parties who have filed for Bankruptcy before the registered Filing Date.
2) A new Surtax to be imposed upon all Tax Returns stating an equivalent sum must be paid as Tax equal to the sum paid to Accounting professionals to prepare the Tax Return; this law also assessing a Surtax equivalent to the Labor Costs of the IRS in auditing this self-same Tax Return.
3) An additional Finders’ Fee Surtax will be charged to any Taxpayer exactly equal and in addition to payment of any Tax shortfall found by IRS auditors. This law and Tax may lead some Taxpayers to err on the side of Righteousness.
4) A further law will state that Business enterprise or Charity organization and Foundation which does not fully-fund their Health and Pension guarantees for any given year, must double their contribution to the Pension Insurance Fund for that Year; it also stipulating if such Contribution increase is not received by the Pension Fund inside the following Tax year, then the responsible Financial officers of the Enterprise will be jailed until it is paid.

Here are some admittedly radical Tax Proposals, and Republicans may think I am worse than your average Democrat, but it remains a viable Construct in which to raise Tax revenues and cut down the size of the Deficit. lgl