Tuesday, August 2, 2011

How about enacting a net asset tax on the very rich?

Dear family and friends,

Greetings on this glorious day! I hope that you and the loved ones are in good health. Good health is such a blessing from the good Lord, our Creator lord! How is your spirit on this glorious day? Please remember that wwe humans are more than flesh and blood. Also, please remember that we humans are created by Creator lord, in His image, with inalienable rights!

Should there be a net asset tax on the very rich?

How about a net asset tax on the very rich (I am one of the working poor)?

With the net asset tax, there could be a standard deduction, a deduction for a spouse, and deductions for children 21 years of age and under living at home.

To make this tax a somewhat temporary tax the deductions could automatically increase by 33 % (or 50 %, or 100 %) each year.

The very ultra rich could be taxed at a greater rate than the very rich.

What should the money raised by this tax be used for? Help pay off the national debt? Help the poor, or the working poor? Help protect Social Security? Do something for the needy? Shouldn't that be for our leaders to decide?

For instance:

There could be a $50.65 million personal exemption, and a $50.65 million spouse exemption, and there could be a $31 million dependent exemption for each dependent 21 years old and under living at home. The tax rates could be as such:

Net assets (millions of dollars) - - - - - - - - - Tax - - - - - - - Plus ___ %


0 - 132 - - - - - - - - - - - - - - - - - - - - - - - - - - - $0 - - - - - - - - - .33333

132 - 300 - - - - - - - - - - - - - - - - - - - - - - - - $440,000 - - - - - - .66667

300 - 685 - - - - - - - - - - - - - - - - - - - - - - - - $!,560,000 - - - - - 1.00

685 - 1,560 - - - - - - - - - - - - - - - - - - - - - - - $5,410,000 - - - - - 1.50

1,560 - 3,550 - - - - - - - - - - - - - - - - - - - - - - $8,575,000 - - - - - 2.0

3,550 - 8,100 - - - - - - - - - - - - - - - - - - - - - - $12,324,098 - - - - - 2.5

8,100 - 18,440 - - - - - - - - - - - - - - - - - - - - - $15,234,934 - - - - - 3.0

18,440 - 42,000 - - - - - - - - - - - - - - - - - - - - $23,123,123 - - - - - 3.5

more than 42,000 - - - - - - - - - - - - - - - - - - - $32,923,982 - - - - - 4.5


Please pray for our leaders (and the leaders of the world)! Please pray that the good Lord will grant them much wisdom to govern justly.

Our Lord is not a Democrat! Our good Lord is not a Republican!

Our good Lord is not a Socialist! Our Lord is not a Communist!

Our good Lord is not a Fascist! Our Lord is not a Anarchist!

Thank you very much for all of your help! Hope that you and the loved ones have a joyous and peaceful day! May the good Lord bless you and the loved ones with blessings upon blessings!

In hope, peace, and love,



Ken Miller
Main St. Rm. 103
still one of the working poor - if only in spirit!


P.S. Jesus is the Lamb of God! Jesus is the Light of the world. Jesus is the Way, the Truth, and the Life! Jesus is Lord!

P.P.S. How about you rich and ultra rich help the poor and the needy today? The good Lord hears the cries of the needy!

P.P.P.S. Even if President Barack Obama delivers on a campaign promise to give us non-wealthy individuals a $1,100 tax cut, I still will be one of the working poor.

P.P.P.P.S. Jesus was crucified and died, and arose again for us sinners, and shed His blood for us sinners so that we might have eternal life.

We love, because He first loved us.

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