A Fair Tax Code

BE IT RESOLVED THAT WE, THE NINETY-NINE PERCENT OF THE PEOPLE of the UNITED STATES OF AMERICA, in order to form a more perfect Union, by, for and of the People, shall elect 878 Delegates on the weekend of June 1st, 2012, and convene a NATIONAL GENERAL ASSEMBLY the week of July 4, 2012 in the City Of Philadelphia to prepare and ratify a PETITION FOR A REDRESS OF GRIEVANCES on behalf of the Ninety-Nine Percent of the People of the United States to be served upon the United States Congress, United States Supreme Court and President of the United States prior to November 6, 2012.

HELP DRAFT THIS HISTORIC DOCUMENT! The final version of the PETITION FOR A REDRESS OF GRIEVANCES, is to be written and ratified solely by the elected Delegates, and may or may not include the following grievance currently suggested by the 99% Declaration Working Group. We are asking you, America's 99%, to inform the representative Delegates and participate in the drafting of the final petition by signing on each grievance you support and if you wish, please add your comments below. Click here to see the full list of grievances.

To support this grievance, please sign below.

code-300x269.jpgA Fair Tax CodeA complete reformation and simplification of the United States Tax Code to require ALL individuals and corporations to pay a fair share of a progressive, graduated income tax by eliminating loopholes, unfair tax breaks, exemptions and unfair deductions, subsidies and ending all other methods of evading income taxes. 

The current system of taxation unjustly favors the wealthiest Americans and corporations, many of who pay fewer taxes to the United States Treasury than citizens who earn much less and pay a much higher percentage of their incomes in taxes. Any corporation or entity that does business in the United States and generates income from that business in the United States shall be fully taxed on that income regardless of corporate domicile or they will be barred from earning their profits in the United States.

This will allow honest companies and individuals who pay their fair share in income taxes to take over those markets in the United States economy formerly held by income tax cheats.

Businesses and individuals that pay taxes in other countries will no longer be permitted to use that excuse to justify their failure to pay federal income tax in the United States if they obtain benefits from doing business in the United States.

Corporations that create jobs in the United States will be rewarded by the tax code and corporations that remove jobs from the United States will be penalized by the tax code. The substitution of lower capital gains tax rates for graduated income tax rates shall be eliminated. This $4 billion a year “hedge fund loophole” which permits certain individuals engaged in financial transactions to evade graduated income tax rates by treating their income as long-term capital gains which are taxed at a much lower rate (approximately 15%) than income tax.

“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”  -Benjamin Franklin, 1789.

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Karen Darrah signed 2012-04-15 15:56:21 -0700
Darlene Kelley signed 2012-04-14 16:24:32 -0700
Marlin Knight signed 2012-04-10 11:58:17 -0700
Zachary Ordo signed 2012-04-09 19:20:28 -0700
Rebecca Lindsey signed 2012-04-09 10:48:20 -0700
Sarah Olds signed 2012-04-07 01:16:05 -0700
Jamie Mitchem signed 2012-04-03 22:32:36 -0700
Jasper Blake signed 2012-04-03 11:44:35 -0700
Phil Brinkman signed 2012-04-03 04:43:22 -0700
Deanie Gilbert signed 2012-04-02 15:11:56 -0700
Richard Hugunine signed 2012-04-02 13:06:51 -0700
Richard Hugunine signed 2012-04-02 13:06:47 -0700
Anonymous signed 2012-04-01 20:39:45 -0700
Steve Wyskochil signed 2012-03-30 04:29:12 -0700
Carol Brouillet signed 2012-03-28 22:31:57 -0700
Ronda DuBridge signed 2012-03-26 13:31:55 -0700
darryl siemer signed 2012-03-26 08:53:15 -0700
Kelly Richins signed via Kay Finley 2012-03-26 01:43:40 -0700
Anonymous signed 2012-03-25 23:30:45 -0700
Mary Odins signed 2012-03-25 14:33:12 -0700
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