Thursday, February 23, 2012

Insider Trading is Already Illegal !!!

We don't need NEW laws for or elected officials.  They are not above the existing laws!  Just enforce the current laws and make our elected officials pay for their indiscretions.  Just because you can doesn't mean you should! and they definately should not be making a profit from Insider Trading. (at least not without offering those illegally gained profits to our US Treasury  to be used for the general good)  after all it was made from taxpayer dollars.  Call a Spade a Spade.  A crook is a crook and it doesn't matter if he wears a suit and tie and has access to the WhiteHouse.  Their weapons of choice are the laws they make and pass for their own benefit.  For the most part, not all, our elected Senators and House Representatives are not there for the people but for their own pocketbook.  They have NEVER suffered a cut in pay or have ever gotten laid off.  They have never had to do without because every one of them have always been wealthy for more than half of their lives and have no clue as to the suffering condition of 20 to 25% of Americans.  They have never voted to turn down a pay increase because every yearly increase for ALL Senators and House Representatives is AUTOMATIC based on cost of living indicators.  The last pay increase took effect during our worst economic crisis since the great depression and not one of them voted to turn it down or even stop gap it. This proves where their ethics lie. Congressional paychecks cost the American people in excess of 75 Million dollars per year not including "aids" or "gophers".  And also remember people that this was all done on a majority Republican congress, not Democrat and it only takes a majority to pass.

Flat Rate Tax is the Only Way to Go

Every single person, citizen or not, making an income in this country should be required to pay taxes at a flat rate.  It doesn't matter how much income you make.  You pay a flat rate income tax on every cent that you make.  Also make it mandatory for all wage payers to take out income tax from your check or payment method.  It doesn't matter if you are a contractor, sub-contractor, or self-employed, and it doesn't matter if it is check, money order, or cash. 

Taxes are due when wages or payment is received.  No more 1099 reporting and leaving the burdon of paying taxes on the wage earner at the end of the year.  Pay your taxes before your wages are received.

15% for all incomes above poverty level, with an unlimited cieling.

All loopholes closed and the IRS restructured or removed as an illegal government service.

The office was considered illegal by the supreme court before it was created as an office "outside" the US Government.  The IRS is actually operating illegally and they believe that they have more power than they really do.  They are nothing other than a glorified Collection Agency and actually have no more power than any other collection agency.  Remember this, read the Tax Code, be informed.  Read up on their history and formation.  The IRS is not what they pretend to be and even Congress does not know what is in the tax code.

We need to strip the tax code, make it stupid simple so everyone can understand it without having to have a lawyer or a CPA explain it when they often don't understand it themselves.