Create A National Asset Tax

U.S. Senator Robert Menendez
528 Senate Hart Office bldg.
Wash., D.C. 20510


Dear Senator Robert Menendez,

Hello! I hope you and the loved ones are in good health! Good health is such a blessing from the good Lord, our Creator Lord! Please remember that we humans are more than flesh and blood. Also, please remember that we humans are created by our Creator Lord, in His image, with inalienable rights! How about creating a national net asset tax on wealthy individuals, businesses, and organizations? This would be a tax that only the very wealthy would have to pay.
For the Individual Net Asset Tax there would be the following deductions: $13.75 million for oneself, $13.75 million for a spouse, and $4.125 million for each dependent under 19 years old living at home. The net asset tax would be:
Net Assets (in millions of $'s) - - /- - Tax
$79.7 - $328 : .5% (half a percent)
$328 - $1,349.8 : $1.2415 million plus 1% over $328 million
$1,349.8 - $5,555 : $11.46 million plus 1.25% over $1,349.8 million
$5,555 - $22,861.2 : $64.025 million plus 1.5% over $5,555 million
more than $22,861.2 : $323.62 million plus 1.75% over $22.8612 billion

For the Business/Organizations Net Asset Tax there would be the following deductions:
$247 million standard deduction, $289,500 per employee, and all pension assets would be deductible. The net asset tax would be as follows:
Net Assets (in millions of $'s) - - / - - Tax
$570 - $2,361.6 : .5% (half a percent)
$2,361.6 - $9,784.4 : $8.958 million plus 1% over $2.3616 billion
9,784.4 - $40,538.6 : $83.186 million plus 1.25% over $9.7844 billion
$40,538.6 - $167,958 : $467.61 million plus 1.5% over $40.5386 billion
more than $167,958 : $2.3789 billion plus 1.75% over $167.958 billion

The tax could expire in nine years, and the deductions could be increased automatically by 33% each year. This tax could take the place of the Inheritance Tax, and the national gas tax. Thank you for your time and consideration.

Hope you and the loved ones have a joyous and peaceful day! May the good Lord bless you and the loved ones greatly!

Sincerely,



Ken Miller
A concerned citizen
Main St.
still one of the working poor - if only in spirit *


* the retirement savings account is around $540 - when is one no longer poor?

We love, because He first loved us.