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Fox Covers the Olympics: Gabby Douglas Has 'Lost That Jingoistic Feeling'

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Obdicut (Now with 2% less brain)8/06/2012 4:59:19 pm PDT

By the way, my tax proposal:

0% corporate tax

Infinite progressive tax on personal income. So, keep the levels we have now and just add them on through extrapolation. Maybe rejigger the levels so they make a nice curve.

Capital gains taxed at the same level as personal income— doubling the current rates— but with inflation taken into account. So if you sell for $100 what you paid $80 for twenty years ago, and that matches inflation, you pay no taxes.

50% estate tax on everything above three million, 80% estate tax on everything above ten million.

Get rid of all tax breaks except for spending on medical needs, education. Phase out the mortgage deduction over time.

Now I just sit back and wait for that Treasury Secretary appointment to roll in.