Form 1040PC for Politically correct taxpayers

[Joe Btfsplk]

I will post this on my blog, http://wwwtaxman.blogspot.com , later today. This is a follow-up on an idea suggested by Veritas.
A NEW FORM 1040PC FOR THE POLITICALLY CORRECT

Our system is no longer just about raising taxes for needed services. It's about controlling how we live and extracting taxes when we don't behave properly.

Why doesn't the government have another tax return called a 1040PC. Only socially responsible items may be used and a slightly higher marginal rate will apply. For instance a married couple (however you define it) may only claim 1.4 dependents.

·A surtax would be added if the family has more than one vehicle and their commute is more than three miles.

·An additional surtax would apply if you drive a gas-guzzling SUV

There would be a phase-out of itemized deductions based on the number of cigarettes you smoke and the number of martinis you drink.

·Donations to Politically Correct political campaigns would be a full credit against your taxes.

·There would be a 10% penalty if you did not file electronically. The IRS says it is the wave of the future.

Interest paid on margin debt incurred to buy stock in socially responsible corporations would be allowed as a tax credit.

I got this idea from “ Veritas” who frequently posts on The Tax Book message board.

If anyone can think of any further way to make our tax system more politically correct, please make your comment.

LINKS and Other IRS References and Resources

http://docs.google.com/View?docid=dch9s27g_13f4m7ph

[Brad Imsdahl]

Our system is no longer just about raising taxes for needed services. It's about controlling how we live and extracting taxes when we don't behave properly.

Why doesn't the government have another tax return called a 1040PC. Only socially responsible items may be used and a slightly higher marginal rate will apply. For instance a married couple (however you define it) may only claim 1.4 dependents.

I hate to burst the bubble of a new idea, but our system of taxing income has always been about controlling the way we behave.

Mortgage interest expense deduction used to encourage people to buy homes...

Charitable contribution deduction used to encourage people to support public charities...

Capital gain reduced tax rates used to encourage people to invest in the stock market...

Graduated tax rates used to make the rich support the rest of us....


Any tax that is not a flat tax is a tax designed to make us behave a certain way. The very first tax return in 1913 only applied to the richest 5% of Americans, designed to make them pay the debt incurred for the Spanish War as the average American would have never agreed to pass a Constitutional Amendment authorizing the taxation of income if they had known it would have eventually applied to them.

[veritas]

In addition

in order to stem global warming each individual will be issued vouchers for allowable co2 emissions. Those who use more than their share (specifically red states) will be required to pay an excise tax.

In order to redistribue all the co2 from those in the less progressive zones you may purchase the unused vouchers from those in the blue states and use the credits agains excise taxes imposed.