Er... wait, was it "modest" or "obviously brilliant"?
Regardless, I have an idea, everyone! Stand back, place safety goggles over your eyes, make sure the lead-lined X-ray bib is securely fastened to your chest and that your boots tied up tight.
Some BackgroundNow, I may be an old-fashioned (young) guy, but I believe that fair is fair. And our tax code, ladies and gentlemen, is not fair.
For instance, did you know that:Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.
The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period.
Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.
What a sweet deal for them! They get to operate without having a huge tax burden weighing down on them, freeing them to make more investments and take more risks.
Of course, they have a shitload of capital, credit and resources to begin with. But this is America, goddammit! We don't make corporations pay taxes no matter how much they fuck up the environment or make insane profits on the backs of their low-income workers.
But -- and I'm getting to my ridiculously cool proposal -- I can't help but think that it's not especially fair that multi-billion dollar companies don't have to pay any taxes (ZERO fucking taxes) whereas, I, as a Regular Joe, have to pay about 30% of my income in taxes every year.
Perhaps I am just a whiner, not fit to lick the boots of a mighty multinational like Wal*mart. I know, I know. This is America. Corporations have more rights and resources than regular citizens. Yeah, "The Constitution guarantees..." blah blah blah... Obviously the Constitution don't mean shit. Money talks and the Constitution was written on hemp paper by a bunch of proto-hippy revolutionaries who wore funny clothes and probably squealed like girls when tickled.
This is America, goddammit! We drive hummers and invade countries full of smelly brown people who are all determined to kill us (our Media assures us this; it must be true!) or even just because they looked at us funny. We don't have time for "rules" or "equality" or what's it called.. uh.... libraries? .. no... uh, -- "Liberty!" Yeah, that's it.
But what I want is not to return our country to the whole Constitution thing. I'm not that naive. However, I do think it would be freakin' neat if we lived in a country where lawful citizens were counted as 3/5ths of a corporation. Currently, we're about a zillionth of a corporation, so 3/5ths would be a vast improvement.
My Blindingly-Awesome Proposal
U.S. citizens, when paying their taxes, should be able to write off "overhead". Only our "profits" should be taxed.
That means, no taxes should be administered until after the essentials of running a healthy body/mind have been accounted for.
What are the essentials? Food, water, shelter and clothing are a good start (no, a big screen TV is not an "essential"). That means I should be able to deduct all of the money I spend on food, rent/mortgage and clothes (within reason) before any other deductions. A healthy mind is important, too, so education costs, books and maybe even an internet connection should also be deductable.
Also, I have to have certain things in order to do my job -- or even get to it -- like a functioning car, gas, a bunch of hygienic equipment to look/smell nice, a cell phone and a computer. That's all overhead; my paycheck is not "profit." It's revenue. I have to spend a big chunk of it just to stay alive and another chunk to fit into the corporate world. These are expenses and they are subtracted from revenue before you end up with profits -- if you have any.
As you probably know, only corporate profits are taxable. Most overhead costs (the costs of running a business) are exempt. Wikipedia lists examples of overhead expenses as follows:
Overhead expenses include accounting fees, advertising, depreciation, indirect labor, insurance, interest, legal fees, rent, repairs, supplies, taxes, telephone bills, travel and utilities costs.
So I should be able to deduct my high-paid accountants as well. Then I can make sure, like most corporations, that I pay no income tax. Alternately, we could just leave gaping loopholes in the tax code so normal people don't have to hire expensive accountants (and then deduct the costs of their services). Something like, "if you don't feel like paying any income tax this year, check this box."
So you see, my super-cool proposal just brings Joe Sixpack into the same league as the corporations, who already have incredible advantages in the economy because of their size and reach.
Corporate Welfare is Only for Wealthy Corporations
Small businesses generally take it up the rear as well since they can't afford all those slippery accountants. Or maybe those small businesses just need to take a page from the criminals on Wall Street and learn how to privatize profits while socializing losses.
It doesn't seem fair to me that the average guy/gal has to assume the vast majority of the tax burden when most of are making jack diddly squat compared to a major multinational. Fair is fair. Progressive income taxation is based on the idea that the rich should pay a greater portion of their income because they can afford it and because they owe it to society; especially since the rich people/corporations take advantage of the situation and pay their workers a pitance while making them work long hours in often-dangerous conditions. Meanwhile, the CEO gets his taxes paid for by the corporation via what is known as a "gross-up".
Think it's unfair of me to use the corporate tax code instead of the individual one? Well, like I said, fair is fair. Corporations are increasingly using the individual tax code:
An outside tax expert, Chris Edwards of the libertarian Cato Institute in Washington, said increasing numbers of limited liability corporations and so-called "S" corporations pay taxes under individual tax codes.
"Half of all business income in the United States now ends up going through the individual tax code," Edwards said.
Turnabout is fair play.
Even though my brilliant tax proposal seems like a total giveaway I could make it a reality. If I had high-powered corporate lobbyists at my disposal I could enact all sorts of people-friendly laws. I'd use my army of ninja-lobbyists to get a 28-hour work week and every Friday off, along with guaranteed overtime for salaried workers and an Economic Bill of Rights for all.
Instead, the already-rich corporations have the lobbyists and they use them to get ever-greater amounts corporate welfare. Then they rewrite the laws so that the managers pay a lesser percentage of tax than their secretaries do, as Warren Buffett pointed out:
Speaking at a $4,600-a-seat fundraiser in New York for Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent.
Notice how he implies he could've made his effective tax rate much lower if he had bothered. But he didn't. Badass. But most CEOs are not as cool as Warren... of course, he could probably stand to pay his secretary more than 60K a year if he's making 46 million, don't you think?
Anyway, the point is: The system is unfair. Let's try to level the playing field a little bit.
My proposal is not to make humans equal to corporations. That's crazy. I just want to make a person worth 3/5ths of a corporation. Is that too much to ask?
Labels: America, capitalism, Congress, corporatism, corruption, crime, elite, funny, money, satire, study
DailyKos is shameful. The site is bathed in hypocrisy and founded on partisanship.
The two-party system has destroyed America and put us in the current mess, and DailyKos and other Yellow Dog Democrats are part of the problem. They care about Democrats first and America second (just as the Republicans look after themselves first and America... well, okay they don't care about America at all).
That said, there is still some hope that Pelosi is just being strategic, but where has trusting the Democrats to hold Republicans accountable got us so far? I can see Cindy's point; what's the purpose of having the Democrats in charge of Congress if they won't impeach? 50% of the nation is pro-impeachment (46% for Bush, 58% for Cheney) and the Democrats aren't even talking about it. Once the real investigations start and we find some dirt the numbers will go higher. But will the Democrats have the balls to do it?
Only if it doesn't harm their precious party, or the two-party system.
Ironically, many DailyKos regulars are the best enemies Bush could hope for: weak, timid, divided and fucking stupid. They proceed with undue caution and fret that attacking Bush could make them look like big meanies. They make excuses rather than try and build a consensus on impeachment, and they are far more concerned about their electoral chances in 2008 than in actually holding the illegal Bush/Cheney administration accountable. In short, they are Bush's enablers.
Sheehan gets points in my book for being against the Federal Reserve, which many Kossacks think is a Republican position (it's not), so, unthinkingly, they reject it like the fucking mindless borg shitheads that they are.
Opposition to the Fed is generally an independent position (Ron Paul is the exception here, but he's so hated by his own party that I think it only strengthens my point), and is generally the province of informed, independent-minded folks who don't follow marching orders of the Washington establishment oligarchy.The sad truth is the there's nothing progressive about DailyKos; it's about as regressive and unimaginative as you can get. These people are too wrapped up in the sports team mentality ("Gooooo Dems!") to realize that their party is as much a part of the fascist oligarchy as the Republicans.
DailyKos is decidedly mainstream, and worships at the altar of pragmatism, not freedom, liberty, or truth. Their only goal is victory (and they admit as much), although they still like to pretend to be anti-establishment nothing could be further from the truth. When Kos casts himself as a revolutionary, he doesn't mean to change the system. He merely wants to sieze control it and use it for his own selfish aims... Just like everybody else in politics.
The Democrats, for their part, have accomplished exactly nothing in Congress. Not that Bush would sign their reform bills anyway, but isn't that all the more reason to impeach the stonewalling, lying, election-stealing fascist bastards? Apparently not.
I've said it before and I'll say it again: There's only one party -- The Business Party, and Democrats and Republicans are merely factions of that monolithic party. We don't live in a democracy, we live in a constitutional republic that is quickly shedding the "constitutional" part for fascism instead. And what are the Democrats doing to stop it? About as much as they're doing to stop the war: Nothing but a few bellicose speeches for the choir.
Still, the Kossacks will continue to support the Dems, no matter what. Blind loyalty is their modus operandi and they show no signs of changing it. So, how are they any different from the Republicans who support Bush no matter how many laws he breaks?
Partisans on both sides are the same. They all think it's okay to break a few rules in order to achieve their party's higher goals. What's best for America doesn't enter into it.