{"id":15221,"date":"2012-08-25T08:30:39","date_gmt":"2012-08-25T12:30:39","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=15221"},"modified":"2012-08-25T08:30:39","modified_gmt":"2012-08-25T12:30:39","slug":"an-interesting-tax-plan","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=15221","title":{"rendered":"An Interesting Tax Plan"},"content":{"rendered":"

One of my favorite Congressmen is Representative John Campbell<\/a>, a Republican<\/a> from California<\/a>.<\/p>\n

Representative Campbell states on his website:<\/p>\n

Many of you know that I am the only member of Congress<\/a> with a Master\u2019s Degree in Business Taxation (MBT<\/a>). I received that degree from USC<\/a> (Fight on!) in 1977. I am a CPA<\/a> and once prepared tax<\/a> returns for a living. At that time, I learned the Internal Revenue Code of 1954<\/a>. We now have the Internal Revenue Code of 1986. I believe we may soon see the Internal Revenue Code of 2013.<\/strong><\/p>\n

But, what will that code look like? We ought to “reach for the stars” here. Let’s not just tinker with the tax code and change it a little bit. Let’s see if we can get 218 votes in the House, 60 votes in the Senate and the signature of whoever is president on a complete restructuring of the Code that would make it flatter and simpler.<\/strong><\/p>\n

This is the link to Representative Campbell’s tax proposal<\/a>. After reading the proposal, there is a link to another site where you can take an opinion poll expressing your ideas on the proposal.<\/p>\n

Here are some of the highlights of Representative Campbell’s proposal:<\/p>\n

Eliminate all deductions except: charitable contributions, home mortgage interest and non-elective medical expenses. <\/strong><\/p>\n

Go to 2 tax rates: one for incomes below $100,000 (maybe 20% under this scenario) and a second for incomes above that (something like 28%).<\/strong><\/p>\n

Allow corporations to deduct dividends from their income, but make dividend income taxable as ordinary income with no preferences to individuals. <\/strong><\/p>\n

Eliminate any preferences for capital gains, except for non-depreciable assets held over 5 years. <\/strong><\/p>\n

Implement a minimum tax so that anyone with any income at all pays 2% of their gross income or a minimum of $100.<\/strong><\/p>\n

Please follow the link to read the details of the proposal and record your ideas.<\/p>\n

\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

One of my favorite Congressmen is Representative John Campbell, a Republican from California. Representative Campbell states on his website: Many of you know that I am the only member of Congress with a Master\u2019s Degree in Business Taxation (MBT). I … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[30,2242,3811,3809,3810,280],"class_list":["post-15221","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-california","tag-capital-gains-tax","tag-minimum-tax-for-all-americans","tag-representative-john-campbell","tag-revised-income-tax-code","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15221"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15221\/revisions"}],"predecessor-version":[{"id":15223,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15221\/revisions\/15223"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}