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Introduce Economic Value Taxes

Created by R.R. on November 27, 2012

Raise taxes on individuals who derive their income through means which do not add to the wealth of the nation as a whole (especially which does not benefit the poor). An 80% tax on income for individuals who make over $1M (annually) derived from industry which doesn't add to the wealth of the nations (the people); especially actors/actresses, athletes, musicians, and artists. An 80% tax on on sales/purchase of residences over $1M or vehicle (cars, trucks, boats, airplanes, etc.) over $100K. 2011/11-12 revenue estimates would be (Le Bron James $59.4M=$47.52M, Shia LaBeouf $1.1B=$880M, Johnny Depp $1B=$800M); 2011 home purchases (Tom Hanks $26M=$20.8M, Ryan Seacrest $37M=$29.6M); 2011 vehicle purchases (Bryan Williams $8M=$6.4M). These examples alone would create $1.78 Billion in revenue.

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