Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113
"RPT" for Congress (50+1) - Flat Rate Tax
"RPT" for Congress (50+1)
Richard Torregano (Louisiana's 6th Congressional District
Title
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Flat Rate Tax
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The 2nd Part
Flat Rate Tax

Tax and Revenue Reform Act/Bill - (Flat Tax)  

Percentage of (Government Expenditures)/GDP is approximately 33%.  The actual proposed Federal budget is designed to be about 25% of GDP.  However the government overspends about 33% of the GDP.  So, tie the corporate tax rate to Government spending and use the percentage of all/total Government Expenditures (not just the planned Government Budget Proposal) divided by the Gross Domestic Product as the new corporate tax rate.  Tax on corporations, companies, corporate investments, equal to same percentage as (Government Expenditures / Total GDP). The more the government spends without an increase in GDP, the more the corporate tax rate would rise. As the government spends above its proposed budget, then it would behoove the business/corporate community to hold down government spending. Given that most government spending goes to big companies, as government spending goes up, the revenue of these large companies goes up. Therefore, it should be fair that without an increase in GDP, corporate tax rate would increase.

If corporations are making money (above some defined amount, i.e., 2-5 million dollars) by investing in the stock market, rental income, property, or any method other than in their manufacturing specialty or other companies they own with other manufacturing specialties; rather than paying the corporate tax rate, the corporation might have to pay another tax rate higher than the corporate tax rate. The idea behind this tax rate is for corporations to stick to what they do best and not speculate in other markets, causing these markets to fluctuate up-down without a reason other than the speculation in the market.

Individual Federal Income Tax = 8 to 12 Percent - Flat Rate Tax - No income tax on individuals or families below the defined “poverty level”.
Individuals making above 2 million would incur increased tax rate (%) to that of congressional spending (anything above 2 million or 5 million or some agreed amount). This includes the same % tax on commercial/private rental income, personal income, sports income, lottery winning and winning on gambling, inheritance, business investment, illegal activities, prostitution, and/or other methods of making over 2 million dollars a year. Any income (investments, stocks, residential property, rental income, alimony, child support), would be considered as income.
   






Title
Proposals
President's Initative
Issues
Press Releases/Letters
YouTube Links
Donations