Simon For Congress

Simon Ribeiro's Revolution on Taxes

Fair and Simple Taxes:
I will work to replace nearly all forms of taxes (such as sales tax, pay-role tax, property tax, luxury tax, telecommunication tax) and fees (such as license plate renewal fees, ID card fees, vehicle city sticker fees) with a simple graduated progressive income tax on both individuals and businesses on annual incomes (including investment gains) that exceed $150,000 (referenced below). I will also push to replace all highway tolls with a simple gas consumption tax.

Graduated Progressive Income/Investment Gain Tax on Income Brackets:
0% tax rate on the $0 to $150-thousand income bracket.
10% tax rate on the $150-thousand to $200-thousand income bracket.
20% tax rate on the $200-thousand to $400-thousand income bracket.
25% tax rate on the $400-thousand to $600-thousand income bracket.
30% tax rate on the $600-thousand to $1-million income bracket.
35% tax rate on the $1-million to $10-million income bracket.
40% tax rate on the $10-million to $100-million income bracket.
50% tax rate on the $ 100-million to $infinity income bracket.

Finance & Banking:
I will push to nationalize the Federal Reserve and incorporate it under the US Treasury Department so that true Congressional and Presidential authority can govern the finance and monetary policies of the United States. The currency should not be borrowed but issued by the US government in order to end the national debt, deficit spending, and reliance on high taxes. This policy will allow for enough funding for national and local projects.

This new nationalized central bank will provide free banking services to individuals. I will call on all banks to stop predatory practices such as over draft fees, ATM fees, maintenance fees, and loan fees.