Spider wrote:Remove the SS cap.
Sure, but won't do much as only 5-6% of workers earn over the max anyway. http://www.ssa.gov/policy/docs/policybr ... 11-02.html
Spider wrote:Make capital gains tax steeply progressive. (Above $500,000 per year, say)
Again, sure, but fairly meaningless in the scheme of things as 99% of people earn less than $500,000 and 75% of that is from wages. What we need to do is treat capital gains like any other ordinary income and subject it to those tax rates.
Spider wrote:Give them extremely generous tax credits for the creation of each verifiable, non-seasonal, living wage, full time job on US soil. (In fact, I'm ok with them wiping out their entire tax liability with job creation rebates.)
In theory this sounds good, in practicality a nightmare to implement.
Spider wrote:Any foreign investment should be HEAVILY taxed.
Investment abroad or foreign investment here? I'm assuming the latter but I really think we would see companies relocating.