Part II -- Closing Compensation Loopholes In Part I we established that for this thought experiment, we need a new way of thinking about our be- loathed tax system. It just doesn't make sense to keep gluing new doodads (exclusions / extensions) onto the old one; the best thing we can do with the rusted old contraption is to toss it out and start over from scratch. Starting from scratch, we can implement 21st century concepts, materials, and thinking applicable to our 21st century economy. Because this new system of taxation is being designed specifically to encourage businesses, organizations and/or entities with excessive profits to more generously reward the "low men on the totem pole," the progressive tax bracket system makes the most sense. A business can choose to minimize total tax payments by paying its workforce more, or it can voluntarily pay more in tax than it must to when it chooses to keep profits concentrated among the few at the top. This s...
unpaid Google marketer since 2004