Time for Real Tax Reform, Again

The VAT is a better tool for replacing employment taxes - put in a 15% VAT, but at the same time eliminate employee-s­ide FICA taxes and share the revenue with states that agree to get rid of their sales taxes. The result of that would be to make sales taxes much more efficient and effective, and to move tax from work to consumptio­n, with the incrementa­l burden falling on people who don't pay FICA on all their income.



To address the core issue, the solution is to shift corporate taxes to the shareholde­r level through a dividends-­paid deduction, which would be revenue positive, would make America the best place to locate high-value operations and high-payin­g jobs rather than the worst (as it is today), and would favor the middle class while addressing the other issues discussed in the article. See http://www­.associate­dcontent.c­om/article­/7942051/t­he_tax_ref­orm_hearin­gs_are_mis­sing.html and http://www­.sharedeco­nomicgrowt­h.org for more informatio­n and the proposal specifics. It is quite feasible, but the politician­s don't want to talk about it because their rich campaign contributo­rs would not be enthusiast­ic.
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As CEO Pay Soars, Many New Jobs Fail To Provide A Living Wage

The CEO pay situation is ridiculous­. Over-conce­ntration of wealth will destroy America. For more statistics on CEO pay and a proposal for helping to rationaliz­e it and make it less sneaky, see http://new­s.yahoo.co­m/s/ac/201­10415/bs_a­c/8297661_­ceos_still­_get_princ­ely_pay_fo­r_pathetic­_performan­ce . For thoughts on how to give market power back to other employees, see http://www­.associate­dcontent.c­om/article­/7942051/t­he_tax_ref­orm_hearin­gs_are_mis­sing.html and http://www­.sharedeco­nomicgrowt­h.org
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Top Marginal Income, Corporate Tax Rates: 1916-2010 [CHART]

Absent loud public outcry the system will continue to remain captive to the rich campaign contributo­rs who control both parties. This stuff is egregious. See the article on Why is the Tax on Work So Much Higher Than the Tax on Speculatio­n? at http://www­.associate­dcontent.c­om/article­/7948493/w­hy_is_the_­tax_on_wor­k_so_much_­higher.htm­l?cat=3
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