LION on Federal Taxes

Taxes are part of living in a society. There are things that we need to do together because they cannot be done by one man (or LION) alone. We pay taxes to our society, our government, to provide these things for us.

In days of old, when knights were bold the social contract was you worked on the King's lands and the King protected you from enemies who would attack you and or the Kingdom. The King is gone, but the social contract is not. We want schools. We want roads. We want to be safe from enemies. We want to be safe from hyenas. A LION cannot have his kill and fend of hyenas as well. So LIONS will work together, share their kill with other LIONS and can keep the hyenas at bay.

People must work together too. You say that you want a road to drive on, somebody must build that for you, you did not build that yourself. So you pay your taxes, and your taxes pay for the roads that are built by your local government. But of course you (and your neighbors) *are* your local government. All well and good. And this is extended to the Federal Government as well. We pay taxes and the government provides things that we cannot provide for ourselves.

And so the LION is compelled to look at the Federal Tax codes. He does not like them. The problem is not paying taxes, or even what tax revenues are spent on. But today the LION is going to focus on FAIR TAXES.

First, the LION abolishes all existing Federal Personal Income Tax Laws, Rules and Regulations.

LION then starts writing on a clean sheet of paper. One sheet should be enough to hold the entire federal tax code as it pertains to personal income taxes. After all what is a tax code other than an number and a percentage. Everything else is social, environmental, or other manipulation. These do not belong in the tax code.

In Short:

$0.00 to $70,000  = 0% tax
$70,000 to $700,000 = 17% tax
Everything Over $700,000 = 27% tax.

In Detail:

There are no exemptions or deductions of any sort. There are no tax returns. Your employer (bankers investments etc.)  withhold the correct tax from each disbursement. There are no joint returns. If you and your wife each earn $50.000 a year, then neither of you owes any tax. If you earn $100,000, then you owe 17% tax and cannot assign half of that to your wife. The earner of the money pays the tax.

Persons who earn over $120,000 must hire a tax accountant approved by the Federal Government to oversee your correct payment of these taxes. You must pay 20% of the accountants fee (which is after all set by the federal government as part of being an approved accountant) and 80% by the Federal Government. You selected the accountant, he is your employee and works for you, and holds your confidences to the extent that your correct and proper taxes are paid.

But LION, LION... where does the Federal Government get the money to pay for this.

Silly donkey! They fire 90% of the existing IRS agents.

But LION, LION... what happens to all these people who you just fired.

Silly donkey! They get real jobs as approved tax accountants.

 And do you want to know the best part of this simple, short tax code: The donkeys can no longer say that the poor pay all of the taxes and the rich get all of the tax cuts.