Sunday, May 23, 2010

The War Is Making You Poor Act

Alan Grayson is my kind of Democrat; a politician who actually wants to do something for ordinary people instead of the military-industrial complex. This bill would exempt the first $35,000 of income ($70,000 for couples) from the clutches of those parasites at the IRS. I myself make less than $30,000 a year, yet I paid several thousand dollars in incomes taxes for last year (not counting the money stolen from me to support the Ponzi scheme called Social "Security"*). With that extra money in my pocket I'd be doing fine, but thanks to the government I'm constantly struggling instead.

Rep. Grayson introduces a bill to cut separate funding for the wars in Iraq and Afghanistan, and uses the money to eliminate federal income taxes on every American's first $35,000 of income. Cosponsors of this bill include Ron Paul, Walter Jones, John Conyers, Lynn Woolsey, and Dennis Kucinich.

*An perfect description of Social Security can be found here at one the Federal government's own websites (SEC):

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors.

1 comment:

  1. Grayson is always an entertaining guest on the various news shows I watch. Who isn't in favor of a tax system like this? I love it.

    This is the hallmark of a populist progressive tax: the first stage is the poverty line, below which no one is taxed. What is done in between is open to debate, but as long as income over about $500,000 is taxed around 90%, I'm happy. Eisenhower was the last president to have taxes structured this way, and it was another Republican (Reagan) who dismantled the system.

    Next step: a box to check on your taxes that lets you prevent your contribution from being used in the war.


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