Tax+Reform


 * Tax Reform**

**Property Tax:**
 * 1) We agree with the current system for property tax (0.2 - 4%), except we intend to eliminate personal property tax, for ethical reasons.

**Sales Tax:** Although we see the reasoning behind sales tax varying in different states, we believe that implementing a uniform sales tax of 7%, is a more beneficial route to take. We support this because we don’t want some states to receive an unfair advantage or disadvantage. For example, although some states have wealthier occupants, they shouldn’t have a higher percentage than others, because less fortunate people live there as well, and a higher tax could severely impact them.

**Income Tax:**
 * 1) We plan on instituting a cap on income tax deductibles / exemptions, because of the enormous division it creates between the different social classes. By placing this cap, we hope this will insure that successful and wealthy people don’t use these cuts to elude their taxes, while the less fortunate still pay more.
 * 2) We plan on keeping the current income tax “brackets” or system, but we do plan on researching this more, and attempting to generate new and improved ideas for this area of tax.

**Corporate Tax:** Our party sees the disaster of American business tax, and are highly devoted to altering it. We know about the loopholes and shortcuts large corporations and businesses use to exempt themselves from corporate tax (operating in foreign countries), and see it’s disastrous effects. If we could obtain some of the taxes these corporations are bypassing, it could enormously help regenerate our economy. One of our ideas to change this, is lowering the corporate tax from it’s current 35%, to a possibly more manageable percent, like 25%.

**Distribution:** Education: 30% Environmental protection: 20% Public Works: 20% Military: 8% Other: 12%