Michael A. Peroutka on Taxes

In Peroutka's own words:

"As President, I would work to repeal the Sixteenth Amendment, abolish the IRS, eliminate the income tax and other Godless forms of taxation such as the property tax and the inheritance tax. As President, I would go back to the original design of the Founders, which was to sustain the legitimate role of the Federal government through excises, imposts, duties, and apportionment among the states."

SOURCE

 

I think under current law only retirement benefits over $40,000 are taxed, ballfan.

 

The Social Security trust should not be a "rainy day" fund which politicians can pirate, or from which they can borrow to cover their errors and pay for their excesses.

The Constitution Party supports legislation to require that the federal government meet its obligations to protect Social Security funds as a trust which can be used only to fulfill its obligations to those who have contributed to the system.

Additionally, we believe an individual who has contributed to Social Security be allowed to withdraw contributed funds and transfer them to an IRA or similar investment under his control.

The Constitution grants no authority to the federal government to require working citizens to participate in Social Security. Individual citizens should have the right to choose between private retirement and pension programs, either at their place of employment or independently. We support the right of those entering the labor market to elect to participate in private plans as an alternative to the federal Social Security program.

We call for the removal of earning limitations on persons aged 62 and over, so that they may earn any amount of additional income without placing their Social Security benefits at risk.

We urge the repeal of those provisions of the Social Security system which penalize those born during the "notch years" between 1917 and 1926, and argue that such persons be placed on the same benefit schedules as all other beneficiaries.
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Until the Social Security and Medicare functions are privatized, we call for an end to the raiding of their funds.

SOURCE

That says that he wants to eliminate taxes on retiree income over $40,000. It doesn't say he wants to tax retirement benefits under $40,000.

I don't know, but I would assume that this means the current system only taxes retiree income over $40,000, Peroutka would remove that.

 

Jonathan, ballfan is making an incorrect assumption about the question. See my post just before yours. There is no reason to support eliminating taxing something that isn't currently being taxed.

 

Yeah, I saw that, after reading the actuall statment and looking at the chart, I saw that ballfan was assuming that by eliminating one, he would create the other. This is not true. I edited my original post.

 

I will have to check, because I don't know how taxes are handled for a retiree receiving less than 40,000. I do know that it is Michael Peroutka and the Constitution Party to eliminate ALL federal income tax, so everyone regardless of income level, retiree or not, would pay $0 in federal income tax.

"Until the Social Security and Medicare functions are privatized, we call for an end to the raiding of their funds."

The funds that are there would be there, untill the Medicare and Medicaid systems are privatized.

 

There are currently are some members of Congressmen in Washington who have suggested doing this, so I am assuming that he would probably work with them to do this.

 

I just put a little "tax calculator" on my web server to show how the Peroutka tax cut would benefit you and every other taxpayer in the country: http://www.netpublicist.com/taxcut/

 

I would encourage you to read the party platform. They have it laid out to answer many of your questions. I would encourage you to email his campaign with any questions that are not answered by the platform.

 

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Constitution Party Social Security

The Social Security trust should not be a "rainy day" fund which politicians can pirate, or from which they can borrow to cover their errors and pay for their excesses.

The Constitution Party supports legislation to require that the federal government meet its obligations to protect Social Security funds as a trust which can be used only to fulfill its obligations to those who have contributed to the system.

Additionally, we believe an individual who has contributed to Social Security be allowed to withdraw contributed funds and transfer them to an IRA or similar investment under his control.

The Constitution grants no authority to the federal government to require working citizens to participate in Social Security. Individual citizens should have the right to choose between private retirement and pension programs, either at their place of employment or independently. We support the right of those entering the labor market to elect to participate in private plans as an alternative to the federal Social Security program.

We call for the removal of earning limitations on persons aged 62 and over, so that they may earn any amount of additional income without placing their Social Security benefits at risk.

We urge the repeal of those provisions of the Social Security system which penalize those born during the "notch years" between 1917 and 1926, and argue that such persons be placed on the same benefit schedules as all other beneficiaries.
___________________________________

 

There are lots of pro-free market, pro-liberty ideas for reducing government involvement in these programs so that they are more efficient and helpful than they are now. Here are some ideas:

www.cato.org/pubs/handbook/hb108/hb108-26.pdf

www.cato.org/pubs/handbook/hb108/hb108-25.pdf

 

Your strange logic says, because he doesn't break down a 4 year plan for every single issue, then he must be silent on the issues.

I would guess you haven't spent 5 minutes on his Web site, haven't watched his DVD, haven't read the CP platform and haven't picked up the phone to call his campaign office or emailed them with any of your questions.

I guess your so used to having people just tell you how to vote, that you don't want to have to actually take the time to research the candidate on your own.

Let me guess, you vote straight (R) on the ballot, regardless of the name beside the "R"?

Can you tell me how George W. Bush is going to accomplish everything in the GOP platform?? Oh, that's right the GOP doesn't require their candidates to read their platform, or abide by it's planks.

Take some time to educate yourself!

"If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be." -- Thomas Jefferson