3-Page National Sales Tax:-1% Universal Medicare, 1% Deficit, 1% Debt, 20% Max Business & Personal Tax
33. Mandate annual tax filing for all citizens, legal or not, income earned or not, to be used as basis for public assistance, annual census, and as basis for a Medicare version of Universal HealthCare, funded as a by-product of the National Sales Tax (#36). Graduated Income Tax tables (#49) should be identical for corporate, partnership, individual filing; charitable and non-profits. Eliminate all tax loopholes and subsidies.

34. On 1040 charge $1 for each person listed to create annual census count. Total dollars charged equal total legal population that can be further refined by city, state, zip, etc.

35. Make employee paid health premiums deductible from taxable income in addition to STANDARD DEDUCTION; on parity with non-taxable employer paid health insurance.

36. Institute a 3% National Sales Tax (NST) with NO exceptions for resale, charity, non-profits, religious, education, or government. The many cannot be continually supported by the diminishing few. A 3% NST may raise up to $7 Trillion annually, double the current budget, reduce national debt, spread tax burden to all residents, legal or not. Allocation: the 1st 1% toward Budget, the 2nd 1% toward debt reduction, the 3rd 1% for Universal Medicare (UMC identical to Medicare plus monthly) for all legal residents.

37. Dedicate first 1% NST to Universal Medicare to automatically eliminate most State Medicaid benefit requirements, costs, and overhead. State Medicaid mandated costs are virtually eliminated, reducing State budget shortfalls and tax requirements.

38. According to a 7/6/10 analysis by attorney Lanny Davis published in The Hill, there were $755 Trillion in total t***sactions in the U.S. in 2008; $443 Trillion if exempting stock t***sactions. Accordingly NST on stock market t***sactions should be set at 1/2 of 1%, beating the International movement toward the inevitability of this type of tax. This 1/2% stock market t***saction tax will inhibit the negative and controversial effects of High Frequency Trading (HFT) that causes artificial volatility as traders execute trades in milliseconds capitalizing on penny spreads and t***saction speeds in the blink of an eye, not available to ordinary investors. HFT operates in a betting parlor atmosphere that is more gambling than investing, and may eventually be the vehicle to collapse the market as it already has on one fateful day when HFT was a contributing factor in the flash crash of May 6, 2010. Reuters reported that a computer-driven sale worth $4.1 billion by money manager Waddell & Reed Financial Inc. triggered the May flash crash that set off liquidity shocks that created havoc, instantly wiping out substantial stock market values before anyone knew what happened and why. A report exposed the relationship between E-Mini Standard & Poor's 500 futures and S&P 500 “SPDR” exchange-traded funds detailing how HFT algorithmic trading saps liquidity and rocks the marketplace.
Memo: US receives $200 Billion monthly revenue; $2.4 Trillion annually; spends about $320 billion monthly, $3.84 Trillion annually, creating $1.4 Trillion annual deficit.

39. There should be no exemption for sales of any product or service whether for Resale, Church, Government, Education, Private or Public organizations; Imports, Cash, or assets t***sferred out of the country, including corporate t***sfers to foreign subsidiaries; Tax On-Line sales and sellers, EBay, Private sellers, Barter, PayPal and Credit Card Companies. Payment Clearing Banks would be depositories for NST, similar to deposits of payroll taxes while Government 3% tax payments are to be used for that particular government debt reduction.

41. An estimated 48%+ of citizens pay no Income Tax while 24%+ do not pay Payroll Tax. This jeopardizes a Balanced Budget as too large a number of households owe nothing in federal taxes, casting an ever increasing burden on the diminishing number of actual tax payers, a situation that is not sustainable. The 3% National Sales Tax will level the playing field by spreading the burden to all and give new life to the Bible story of the “Widow’s Mite,” who gave her last two coins, and biblical tithing that is the same for all, large or small, rich or poor.

42. Money and benefits received for NOT working should not be tax-free or treated differently than the same amount of wages and benefits received by actual workers. There are documented cases of welfare recipients benefiting unfairly by having benefits equal to an actual worker’s wages but employees must pay taxes and benefits out of their wages and the equivalent “Earnings” to a welfare recipient are free of any of those charges.

43. A welfare recipient receiving $30,000 in “BENEFITS” receives substantially more than a taxpayer earning $30,000 because taxpayers pay Federal, State and Local taxes, and work-related expense while Welfare recipients get a free ride without related costs of working. Housing grants, food stamps, medical benefits, and other benefits must be paid for by the taxpayer worker who is “penalized” for working.

47. Taxable Income Schedule For Individuals & Corporations After deducting personal exemptions $5,000 each, plus basic Standard Deduction of $10,000 plus cost of medical insurance paid, plus additional 5% on Income over $100,000; in lieu of itemization. Treat all income alike; Remove all income distinctions; earned; unearned; capital gains, etc and remove ALL loopholes, personal and business.

50. Corporate tax rates should be identical to the above modified Personal Taxable Income Schedule except for personal exemptions, personal itemized deductions, and standard deductions. All industry specific deductions should be eliminated.

51. Dividends paid would be deductible;
52. Disallowance for funding or contributions to Foundations;
53. Full deduction of fixed assets in lieu of depreciation;
54. Disallow deduction for non-cash amortization;
55. Disallow deduction of political contributions and cost of lobbying;
56. Disallow deduction for foreign payments and expenses;
57. Subject Gross Contractor Pay and Cash Payrolls to 3% NST
58. Tax foreign earnings for companies listed on U.S stock exchange;
59. Eliminate tobacco and industry specific subsidies & deductions;
61. Eliminate all loopholes and industry specific deductions.

48. Effective tax rate on Taxable Income of $100,000 2.74%
Effective tax rate on Taxable Income of $1 Million 7.47%
Effective tax rate on Taxable Income of $1 Billion 19.88%

49. Graduated Income Tax Table: Personal, Business, Corporate
Graduated rates in order to encourage small business for job creation.
TAXABLE AMOUNT TAX RATE TAX DUE PCT PAID
Up to $ 5,000 0.3% $ 15 0.30%
Up to $ 10,000 0.5% 40 0.40%
Up to $ 20,000 1.0% 140 0.70%
Up to $ 30,000 1.5% 290 0.97%
Up to $ 40,000 2.0% 490 1.23%

Up to $ 50,000 2.5% 740 1.48%
Up to $ 60,000 3.0% 1,040 1.73%
Up to $ 70,000 3.5% 1,390 2.00%
Up to $ 80,000 4.0% 1,790 2.24%
Up to $ 90,000 4.5% 2,240 2.49%

Up to $ 100,000 5.0% 2,740 2.74%
Up to $ 200,000 6.0% 8,740 4.37%
Up to $ 300,000 6.5% 15,240 5.08%
Up to $ 400,000 7.0% 22,240 5.56%

Up to $ 500,000 7.5% 29,740 5.95%
Up to $ 600,000 8.0% 37,740 6.29%
Up to $ 700,000 8.5% 46,240 6.61%
Up to $ 800,000 9.0% 55,240 6.90%
Up to $ 900,000 9.5% 64,740 7.15%

Up to $ 1,000,000 10.0% 74,740 7.47%
Up to $ 2,000,000 12.0% 194,740 9.72%
Up to $ 3,000,000 13.0% 324,740 10.82%
Up to $ 4,000,000 14.0% 464,740 11.62%
Up to $ 5,000,000 15.0% 614,740 12.29%

Up to $ 10,000,000 16.0% 1,414,740 14.15%
Up to $ 20,000,000 17.0% 3,114,740 15.57%
Up to $ 30,000,000 18.0% 4,914,740 16.38%
Up to $ 40,000,000 19.0% 6,814,740 17.04%
Up to $ 50,000,000 20.0% 8,814,740 17.63%

Up to $ 100,000,000 20.0% 18,814,740 18.81%
Up to $ 1,000,000,000 20.0% 198,814,740 19.88%
Up to $ 2,000,000,000 20.0% 398,814,740 19.94%
Up to $ 5,000,000,000 20.0% 998,814,740 19.97%

Albert Maslar CPA (Retired)
128 Huron Ave.
Absecon, NJ 08201-2022
609-677-0069
albertmaslar2@gmail.com

He doesn't really care about health care what he cares about is destroying America and bringing it to its knees. He wants to put this under the umbrella of the federal government like the health system in the UK. We have gone through the discussions before show me anything that the government has touched that has been made better and more efficient. Every government agency has turned into these monsters that are strangling all of our freedoms under the guise that they will do it better for us or the fact that we aren't capable of making the right choices ourselves so big government will make them for us.

You have to watch out after they take them out on the black tie boat. I don't know whether that is the boats name or something to do with something else, all I know is after they took out Mark Kirk and probably Rubio they neither one could see any problems with the amnesty. I think that the demoncrtats have a very strong drug they use to persuade people on how to v**e. I think that this drug comes in the color of green and if you follow the instructions on the prescription that they give you your bank account will be miraculously healed and will stay healthy for a long period of time. I can't prove this of course it is just a theory is all.

In recent days, organized labor turned harshly and vocally against the so called “Affordable Care Act.” Three leaders of America’s largest unions, including Jimmy Hoffa, wrote a jaw-dropping letter to Harry Reid and Nancy Pelosi. Excerpts of their arguments sound like a Republican opposition brief:

“When you and the President sought oursupport for the Affordable Care Act (ACA), you pledged that if we liked the health plans we have now, we could keep them. Sadly, that promise is under threat. Right now, unless you and the Obama Administration enact an equitable fix, the ACA will shatter not only our hard-earned health benefits, but destroy the foundation of the 40 hour work week that is the backbone of the American middle class.”

“We have been strong supporters of you. In campaign after campaign we have put boots on the ground, gone door-to-door to get out the v**e, run phone banks and raised money to secure this vision. Now this vision has come back to haunt us.”

“Time is running out: Congress wrote this law; we v**ed for you. We have a problem; you need to fix it. The unintended consequences of the ACA are severe. Perverse incentives are already creating nightmare scenarios.”

“The law creates an incentive for employers to keep employees’ work hours below 30 hours a week. Numerous employers have begun to cut workers’ hours to avoid this obligation, and many of them are doing so openly. The impact is two-fold: fewer hours means less pay while also losing our current health benefits”

“As you both know first-hand, our persuasive arguments have been disregarded and met with a stone wall by the White House and the pertinent agencies.”

“On behalf of the millions of working men and women we represent and the families they support, we can no longer stand silent in the face of elements of the Affordable Care Act that will destroy the very health and wellbeing of our members along with millions of other hardworking Americans”


"America will never be destroyed from the outside. If we falter, and lose our freedoms, it will be because we destroyed ourselves." -Abraham Lincoln -