So, This is really happening:
https://www.congress.gov/bill/115th-congress/house-bill/7207/text
I found it on the Build The Wall link: https://www.gofundme.com/thetrumpWall
So they are actually writing up a bill to get passed with the government spending bill that will not only allow the American citizens to help fund the wall but also the money can only be used for that purpose.
hahahahahahahahaha.....voluntary...your killing me here....the IRS isn't even part of our goverment and they wield more power to destroy someone's life than any law enforcment agency in the country......we have been pulled so far away from the founding vision of our goverment, that I'm not sure if it's restorable...the people look to the state as the supreme beingIf I had my way, government would be funded in a simular manner since congress has proven to be incapable of managing money.
10% flat tax with the taxpayer writing a check to the agency/dept's that he she wants to fund. The taxpayer can spread the money around but the total must equal 10% or more(the "more" is voluntary) of income. So, if I owe $1,000 I can send $100 to ICE, $500 to DOD, $200 to VA, $200 to hiway dept and ZERO to FDA, FBI, DEA, and etc.
If you'd said, "the Federal Reserve" you'd be mostly correct.the IRS isn't even part of our goverment
1/2 of 1% for every share or electronic transaction that takes place on Wall St or in financial markets and no private citizen would need to pay any tax.
You greatly overestimate the market participation & frequency of private citizens tranactions. As for those private citizens, I'm sure they would gladly pay 1/2% up front on a trade than 10% after the fact.I'm not sure how you come to that conclusion. All those transactions are made by private citizens.
You greatly overestimate the market participation & frequency of private citizens tranactions.
As for those private citizens, I'm sure they would gladly pay 1/2% up front on a trade than 10% after the fact.
Or at least entities owned by private citizens.I'm not sure how you come to that conclusion. All those transactions are made by private citizens.
Meanwhile, The high frequency trading employed by the banking elite, brokerage houses & multinational corporations to manipulate the financial markets would be greatly curtailed if they were forced to pay for the privilege.
The problem with "High Frequency Trading" isn't the trades that actually execute, and thus would be taxed, but rather the fake bids and offers that are put out there and then retracted milliseconds later. These never execute (so they wouldn't be taxed) but they do apply pressure to ("manipulate") the markets in whatever direction the entities who put them out there desire.You greatly overestimate the market participation & frequency of private citizens tranactions. As for those private citizens, I'm sure they would gladly pay 1/2% up front on a trade than 10% after the fact.
Meanwhile, The high frequency trading employed by the banking elite, brokerage houses & multinational corporations to manipulate the financial markets would be greatly curtailed if they were forced to pay for the privilege.
See I was under the impression they were actually completing the sales from one shell company to another that are merely entities owned or controlled by the same parent company to manipulate the price. By completing multiple small sales from one subsidiary to another they are able to move the prices enough to make it profitable to complete relatively few large scale outside trades that are extremely profitable thereby covering the expense of the large number of small unprofitable trades between subsidiaries necessary to make that happen.The problem with "High Frequency Trading" isn't the trades that actually execute, and thus would be taxed, but rather the fake bids and offers that are put out there and then retracted milliseconds later. These never execute (so they wouldn't be taxed) but they do apply pressure to ("manipulate") the markets in whatever direction the entities who put them out there desire.
The fix for the market-manipulation via high-frequency trading lies not in taxation (taxation is theft!) but rather having the markets impose one simple rule: If you put a bid or an offer on the market, you can't retract it in less than two (and preferably 10 or even 15) seconds. This would allow an actual human trader to respond to it.
Yeah we should be happy Trump throws us crumbs...God forbid we hold him accountable for the central plank of his campagin.