I think the highest tax rate people pay right now for FED is 35% (someone correct me if i am wrong). By the time you add in state, some people (if you live in New York) are paying close to 45% in taxes. That means almost HALF of what they MAKE goes to taxes.
Meanwhile, the bottom 50% pays NOTHING IN TAXES. ZIP, ZILCH, NADA, ZERO, DONUT HOLE , ETC.
So imo the "rich" pay their "fair share" already. Its easy when you make $30,000 a year to point the finger at the guy making $30,000 bonuses and saying "OOOOOO you evil rich person you you need to pay more".
The fact of the matter is that if you are not willing to cut social programs, you better have a better idea than taxing the rich to bring the deficit down. What part of WE CANT AFFORD IT do people just not get. We are long past the point of "we cant afford it, but im not willing to cut this just yet".
History has show us you increase tax revenues by actually CUTTING taxes. A job created pays more in taxes to the Feds than taxing the existing "rich" people. When you cut taxes, you grow the economy, and you fill more people into the employment system who then pay more in taxes. SO why not focus on getting the guy making $20,000 a year to get him to making $60,000 a year, so he will pay more in taxes?
The mantra isnt going to work this time, we are long past the class warfare arguments





Reply With Quote