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Lower Class Tax Break!
Simply put, Will believes that the poor are the ones who need to benefit most from his new tax system, and therefore it was set up around their needs. A brief synopsis of the plan:
- Those Americans whose incomes fall in the Lower Class section of American wealth would pay no taxes!
- Middle class Americans would pay roughly the same amount of taxes as before.
- The rich, who currently are not paying their fair share, would be taxed to the hilt to provide for programs for everyone.
Middle Class Tax Cut!
Eight years after President Clinton proposed a middle class tax cut but failed to deliver, Will Rockwood promises to make it up to you. His proposal, in brief:
- Lower class Americans would be weened from welfare roles to cut government spending, allowing the lower class to pay less in taxes than they do now.
- Middle class Americans would receive new exemptions on home, food, and childcare expenses, with an end result of paying almost zero in taxes!
- The rich, who currently are not paying their fair share, would be taxed to the hilt to provide for programs for everyone.
Upper Class Tax Bonanza!
After nearly a decade of oppressive tax hikes, starting with the first Bush administration, Will Rockwood will finally get around to straightening out our overly complex tax system. His plan is as follows:
- The lower class will be sent out to get jobs, the lack of thereof being the reason they're lower class to begin with. Once they have these jobs they will receive a modest exemption to be applied to their otherwise flat tax.
- The middle class will benefit from the new flat tax structure by being able to deduct each of their family members at $10,000 a piece, resulting in the slight lowering of their overall tax bill.
- Upper class Americans will be able to restructure their salaries so that they will be payable almost entirely in stock options. That, combined with slashing the capital gains tax rate to zero will result in the upper class paying almost no taxes!
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