loading...

 

Liberal Utopia

What your world would be if everything liberals wanted, they got. Open the door at the bottom of its Elysium fa├žade and take a glimpse of hell.

Reparations v2.0

 

Yes, justice everyone can and should support!


S

o simple even, yes, a liberal can do it.®

After the R2 Bill becomes law, "(a) There is imposed on the taxable income of any person who votes for the presidential nominee of a political party that, before ratification of the thirteenth Article of Amendment to the Constitution of the United States, had ever nominated a candidate for President who at the time of such nomination lawfully owned one or more slaves, a reparations tax determined in accordance with the following table:

If taxable income is:The reparations tax is:
Not over $40,00010% of taxable income.
Over $40,000 but not over $90,000$4,000, plus 20% of the excess over $40,000
Over $90,000 but not over $150,000$14,000, plus 30% of the excess over $90,000
Over $150,000 but not over $260,000$32,000, plus 40% of the excess over $150,000
Over $260,000$76,000, plus 50% of the excess over $260,000

"(b) In addition to any tax imposed by subsection (a), there is imposed on the taxable income of any person who becomes an officer, delegate, member, or registered voter of such political party, a reparations tax for every instance of his or her becoming an officer, delegate, member, or registered voter of that party, determined in accordance with the following table:

If taxable income is:The reparations tax is:
Not over $40,00010% of taxable income.
Over $40,000 but not over $90,000$4,000, plus 30% of the excess over $40,000
Over $90,000 but not over $150,000$19,000, plus 50% of the excess over $90,000
Over $150,000 but not over $260,000$49,000, plus 70% of the excess over $150,000
Over $260,000$126,000, plus 90% of the excess over $260,000

"(c) For each taxable year, the total amount of tax imposed by subsections (a) and (b) on the taxable income of any person, shall not exceed 90 percent of his or her taxable income."

The above covers who all "pay their fair share" to fund the reparations credits. Now for the credits themselves:

After the R2 Bill becomes law, "(a)(1) There shall be allowed as a credit against the tax imposed by [the Internal Revenue Code] for the taxable year with respect to each qualifying ancestor of the taxpayer an amount equal to the per ancestor amount. (2) For purposes of paragraph (1), the per ancestor amount shall be determined as follows:

In the case of any taxable year beginning in –The per ancestor amount is –
2010, 2011, 2012, or 2013$1,200
2014, 2015, 2016, or 2017$1,400
2018$1,600
2019 or thereafter$2,000

"(b)(1) The amount of the credit allowable under subsection (a) shall be reduced (but not below zero) by $50 for each $1,000 (or fraction thereof) by which the taxpayer's modified adjusted gross income exceeds the threshold amount. For purposes of the preceding sentence, the term 'modified adjusted gross income' means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933 [of the Internal Revenue Code]. (2) For purposes of paragraph (1), the term 'threshold amount' means (A) $250,000 in the case of three or more qualifying ancestors, (B) $100,000 in the case of two qualifying ancestors, and (C) $75,000 in the case of one qualifying ancestor.

"(c) For purposes of this section, the term 'qualifying ancestor' means any individual if (1) the taxpayer is a direct descendant of such individual and (2) such individual was, during any period of 12 consecutive months after July 1776, a slave lawfully owned for at least 330 full days in such period by one or more citizens or residents of the United States.

"(d)(1) For any taxable year, if the total amount of revenue raised by the reparations tax does not exceed the total amount of reparations credits allowed, every credit for the next taxable year shall be reduced in the proportion which the difference between those total amounts bears to the total amount of such credits. (2) If any reduction determined under paragraph (1) is not a multiple of $50, such reduction shall be rounded to the next lowest multiple of $50."

Insofar as the wealth of knuckle-dragging, mouth-breathing liberal Democrook Party office holders(birm) is going to be spread around much more than a bit among many of their own voters, none of those reparations tax payers will have anything to complain about (unless, of course, they're racists).

For one thing, that party's evil-rich office holders are paying almost all of the tax. This, in turn, gives low- to moderate-income recipients of multiple-ancestor reparations credits an irresitable incentive to keep voting them back into office, especially since such credits are normally more than the amount of tax each of those recipients would pay for doing so.

Again, if any evil-rich Democorrupt office holder like Acting Co-President Nanny "Statist" Peloose-screwi tries to switch parties, she'll be not only guilty of hurting the poor but deservedly branded a racist.

It's a win-win reparations plan to Promote A Common Good And A Higher Interest Shared By All™.

Labels: , , ,

Bookmark and Share  

Comments (registered users)

Post a Comment

Links to this post:

Create a Link


Liberal Utopia

LC Local 666, VRWC
Solidarity!
V A
Victory
Blog
Never Submit

This page is powered by Blogger. Isn't yours?


LUmail

Liberal Utopia
WWW


Site Feed

Subscribe to Liberal Utopia by Email

Archives

March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
December 2005
January 2006
February 2006
April 2006
May 2006
June 2006
July 2006
August 2006
September 2006
October 2006
November 2006
December 2006
January 2007
February 2007
March 2007
April 2007
May 2007
June 2007
July 2007
August 2007
September 2007
October 2007
November 2007
December 2007
January 2008
February 2008
March 2008
April 2008
May 2008
June 2008
July 2008
August 2008
September 2008
October 2008
November 2008
December 2008
January 2009
February 2009
March 2009
April 2009
May 2009
June 2009
July 2009
August 2009
September 2009
October 2009
November 2009
December 2009
January 2010
February 2010
March 2010
April 2010
May 2010
June 2010
July 2010
August 2010
September 2010
October 2010
November 2010
December 2010
January 2011
February 2011
March 2011
April 2011
May 2011
June 2011
July 2011
August 2011
September 2011
October 2011
December 2011
January 2012
February 2012
March 2012
April 2012
May 2012
June 2012
July 2012
August 2012
September 2012
October 2012
November 2012
December 2012
January 2013
February 2013
March 2013
April 2013
May 2013
June 2013
July 2013
August 2013
September 2013
October 2013
November 2013
December 2013
January 2014
February 2014
March 2014
April 2014
May 2014
June 2014
July 2014
August 2014
September 2014
October 2014
November 2014
December 2014
January 2015
February 2015
March 2015
May 2015
June 2015
July 2015
August 2015
September 2015
November 2015
December 2015
January 2016
March 2016
April 2016
May 2016
June 2016
July 2016
August 2016
September 2016
October 2016
November 2016
January 2017
February 2017
March 2017
May 2017
June 2017
July 2017
August 2017

Previous






G o o g l e
b o m b s
miserable failure
culture of corruption
sus barbatus
unelectable
wicked witch of the east
liberals
peckerwood
jew
great president