Tax+Reform

Tax Reform:

SoaR believes in the attempt to cut the majority of taxes, for it could save at least 100 billion dollars per year.

Income Tax:
 * The SoaR Party believes that the government should close all loopholes that enable millionaires and corporations to pay little or no tax.
 * We will eliminate the existing tax cuts for the rich, and we will provide tax cuts to low income families.
 * We also believe that Income tax should be lowered for the middle/poor; citizens who make less than 50,000 a year, and should be raised for citizens who make over one million dollars a year.
 * SoaR believes that millionaires should be taxed the most because their taxes would be a larger amount of money and therefore aid the government financially. If we taxed those with lower incomes, they would be broke, and our government wouldn't be able to do much with the money received.
 * The SoaR party believes that income taxes should not be a large percentage, and range in-between 10-40% (Raised with wealth).

Sales Tax:
 * While SoaR supports cutting Income Tax, we still believe in sales tax.
 * Sales tax are seen as a good tax system for economic growth, investment and saving, but many view sales tax to be regressive. The SoaR party believes that sales tax should be cut on several items, including rent, food, and medicine, which are particular necessities to many people in America. The extra cost of Sales Tax could be to expensive to many.