Tax Reform
"We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." (W. Churchill)


The remedy to our economical problems cannot be more taxation. In fact, taxes are part of the problem and the best way to have America back on track as one of the most prosperous nation in the world is to have less taxes in every domain. With a taxation on our incomes, capital, businesses, gifts, even inheritance, our government has a great control over every aspect of our lives. We need to recognize that if we want to reduce unemployment, end the recession, and make sure our leaders do not spend irresponsible amounts of money, we have to reduce taxes.

Our administrations are often talking about finding new ways to tax, or to provide tax relief on a short-term basis, but a true tax reform involving radical changes toward a more freedom-friendly environment has never been proposed. Tiffany Briscoe wants to enforce a long-term plan to reduce taxes and take steps to stop the people's dependence on government.
  • Establish a Flat Tax of 20% on every individual earning more than $34,000 a year, with no loophole whatsoever. Progressive taxation is morally wrong as it incites class division, while such high levels of income taxation as those of today only hurt investment and personal savings. Once the Flat Tax is created, we will need to decrease the income tax progressively until the complete abolition of the IRS.
  • Work with Congress to end the Corporate Tax, which is one of the highest in the world. The Land of the Free needs to attract more businesses to provide more goods and jobs to the public and such a plan can be only enforced by ending the double tax on corporations.
  • Reduce the Capital Gains Tax to a flat rate of 5% on both short-term and long-term investments, whatever the amount of investment income is.
  • End the Estate Tax for most people that suffer from it. The so-called Death Tax hurts especially farmers and small landowners that have to put even mortgages on their houses and property to borrow money to pay such taxes. The only ones that would pay the Estate Tax are those that earn 250,000 dollars or more, and their rate would be no more than 25%.
  • Reform the Payroll Tax in a way to both promote investment and personal responsibility:
  1. Repeal the Self-Employment Contributions Act of 1954 and end the payroll taxation for those workers that labor for themselves. This would lead to a privatization of both Medicare and Social Security for this small portion of the population that is particularly inclined to invest and take more responsibilities.
  2. Transfer Medicare costs and taxes to local governments by issuing a federal order that changes the burden from the national scene to a local issue that can be managed in a easier, more effective way. Regulations for the Medicare tax will then be dropped after a few years, allowing each local government to opt out of the system and others to collect whatever tax rate they need for this purpose.
  3. Reform Social Security by simply ending all taxes for this field for all the individuals that enter the workforce for the first time in 2016 and let them invest for their retirement on their own. For those that already retired or are awaiting to retire soon, we need to find new sources of revenue to put up with the loss, such as a taxation on all local and state licenses by 10%, a taxation on state budgets by 5%, and federal excise taxes on alcohol, cigarettes, and legalized drugs, while savings from spending cuts in other fields could be used as well. The final goal is to save the new generations from the Social Security scheme and implement the same plan as the Galveston County Private Plan.