Tax/Economic Policy Reform - The Praxis party is in favor of a flat tax rate. Areas where we feel need extra support in our society include, education, healthcare, Military support, and other general utilities. The Praxis party is focused on a national sales tax, but the revenue would go to local governments to improve infrastructure.
Sales Tax -
Sales tax rates would not vary based widely among jurisdictions. The national sales tax would about 8% and the revenue would go to local governments, which would benefit the city, where the government could use it, how they want.
Sales tax would be lower on any key necessities.
10-15% sales tax increase of alcohol, and or drugs, this would limit danger in our society. More people would live a safer healthier life.
Cooperate Tax - What corporations pay on their profits/ revenue Income Tax - What workers pay on their salaries
The United States antitrust law is a body of law that prohibits anti-competitive behavior (monopolization) and unfair business practices. The praxis party would strengthen this law by setting a
There would be a lower corporate tax (10%); therefore companies would be able to higher more people with higher salaries.
Income Tax -
Taxation on the upper class would be lower; in the sense that wealthy people are losing more money therefore there are less small businesses, which wealthier people usually start.
Individuals are permitted to reduce taxable income by personal allowances and certain nonbusiness expenses, including home mortgage interest, state and local taxes, charitable contributions, and medical and certain other expenses incurred above certain percentages of income. Individuals are protected by the government so they have the ability to reduce taxable income. There would be a flat tax, and a higher minimum wage so more people in poverty can earn more and therefore more people will have the ability to purchase things fro themselves, which would benefit business.
Governments would not be able to take as much out of individuals wages (15%) therefore their net is higher. (Net - what you take home, Gross- total)
Tax/Economic Policy Reform - The Praxis party is in favor of a flat tax rate. Areas where we feel need extra support in our society include, education, healthcare, Military support, and other general utilities. The Praxis party is focused on a national sales tax, but the revenue would go to local governments to improve infrastructure.