TAX REFORM 101: 1040EZ REVISION for those CAMPAIGN DONATIONS "Averaging $27.00" - Bernie Sanders

STEP ONE: OBTAIN A TAX CREDIT FOR SUPPORTING GRASSROOTS CANDIDATES & NON PROFIT PUBLICATIONS (Real Facts)

As we all are aware, the 2016 Presidential Campaign set new records for the rank and file, lunch bucket blue-collar and millennial voters to make affordable, reasonable donations to support the candidates and causes to which they hold dear. These are clearly tax-deductible contributions for those who do not qualify to itemize deductions cannot benefit like the big boys. The 1040-EZ form requires Congressional revision to allow legitimate political campaign donations and emergency disaster relief for the majority of taxpayers. 

The major revisions below are in lines 9a, 9b, 9c & 9d with line 10 as a dollar amount to be deducted directly from the total Tax owing as a credit. This is the White House Tax Reform Week, therefore in that spirit, a revision to the 1040EZ.

(Note: This is a facsimile of the IRS document not meant for use. This replica looks much better in its' origin)

Form 1040EZ DRAFT

Department of the Treasury Income Tax Return for Single and Joint Filers With No Dependents   (99)

2017

OMB No. 545-0074

Your first name and initial

Last name

Your social security number

If a joint return, spouse’s first name and initial

Last name

Spouse’s social security number

Home address (number and street). If you have a P.O. box, see instructions.              Apt. no.

▲ Make sure the SSN(s) above are correct

City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions

Presidential Election Campaign C    You               Spouse

Foreign country name

Foreign province/state/county

Foreign postal code

Income

1

Wages, salaries, and tips. This should be shown in box 1 of your Form(s) W-2. Attach your Form(s) W-2.

1

Attach Form(s) W-2

2

Taxable interest. If the total is over $1,500, you cannot use Form 1040EZ.

2

here.

3

Unemployment compensation and Alaska Permanent Fund dividends (see instructions).

3

4

Add lines 1, 2, and 3. This is your adjusted gross income.

4

Enclose, but do not attach, any payment

5

If someone can claim you (or your spouse if a joint return) as a dependent, check the applicable box(es) below and enter the amount from the worksheet on back.         You                   Spouse If no one can claim you (or your spouse if a joint return), enter $10,350 if single; $20,700 if married filing jointly. See back for explanation.

5

6

Subtract line 5 from line 4. If line 5 is larger than line 4, enter -0-. This is your taxable income.                                                       ▶

6

Payments,

7

Federal income tax withheld from Form(s) W-2 and 1099.

7

Credits,

8a

Earned income credit (EIC) (see instructions)

8a

and Tax

8b

Nontaxable combat pay election

8b

9a

Small Political Campaign Donations made online to Political Candidate(s)

9a

9b

Small Donations made to Internet Tax Deductible Organization(s) & Publication(s)

9b

9c

Cash & Other Donations to Red Cross or other relief organizations in Declared National Emergency

9c

Add lines 8b, 9a- 9c Enter >

9d

10

Add lines 7,8a and 9c. These are your total payments and credits applied to total Tax.

10

11

Tax. Use the amount on line 6 above to find your tax in the tax table in the instructions. Then, enter the tax from the table on this line.

11

12

Subtract Amount on Line 10 from Line 11.

12

13

Health care: individual responsibility (see instructions)

Full-year coverage

14

Add lines 12 and 13. This is your total tax

13

(Note: Since tax forms are available online, there is NO reason that entries can be computed automatically eliminating purchase of software for many who file their own taxes. Simple computation errors would also be eliminated.)

IF WE ARE TO ENACT CHANGE THIS IS URGENT 

If America is to continue to invigorate a grassroots movement to reform the political campaign donation process where the wealthiest of the wealthy essentially buy elections, revisions to the tax code are the first target. This is one small first step to truly make campaign donations inclusive for all Americans. Line (9a) provides for those (i.e.) $27.00 campaign contributions.

The above revision in (9b) addresses the need to support the legitimate online watch dog groups and publications* out of the mainstream media dominated by corporations that only have their interest in mind, not yours. 

Equally important during the catastrophic devastation of hurricanes Harvey, Irma and Maria, small, large or in-between charitable donations in line (9c) to the Red Cross or other non-profits will be recognized as a direct credit that will serve to increase donations. These dollars are critical to volunteer groups that offer first and long-term relief. 

My goal is to reach as many mainstream Americans no matter their political leaning to give every individual some economic influence in elections other than their vote (which may be influenced by Super Pacs and the Koch brothers and their trusts).   

The majority of American tax filers fall in a large demographic group comprised of Single Individual taxpayers with no dependents and earn less than $20,700.00. 

In their infinite wisdom, IRS bureaucrats designed the tax forms to make it "easy" for this large group to complete their own returns quickly and without much stress.
Thus over a course of years, this single page form (once a half-page) with perhaps 15 relative line entries, is now complimented with a 46 page Instruction Booklet. This is no typo. The instructions to complete the standard 1040 is 106 pages. The standard 1040 and all of the loopholes and line entries that "adjust" taxable income also require a complete overhaul. This requires serious Congressional study.

MY GOAL IS TO GET THIS PROPOSED REVISION IN THE HAND OF EVERY SENATOR, REPRESENTATIVE IN WASHINGTON. 

If you agree, PLEASE pass along, attach to email a copy of this blog to your Congressional Representative and your State Legislators as well. 

*Publications 

Here are a partial list of "grass root" organizations and regular publications that deserve our support as they reflect our own First Amendment rights. 

Act Blue
Bernie Sanders Movement
Buzz Feed
Common Dreams
CREDO
Daily Beast
Daily Kos
DNCC
FRONTLINE
NPR
Nation of Change
PBS
Politico
Truthout


Please Note: My list does not include the KKK, neo-Nazi,NAZI or White Supremacists.