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Let ALL of the Bush tax cuts expire. The wealthy would pay more in taxes.
Also, the bottom bracket (10%) would go up by half to 15%, every middle bracket would increase proportionately more than the top two brackets, and the child tax credit would go away. Ten million more households at the bottom would resume paying taxes again.
This is what repeal of ALL of the Bush Tax Cuts would mean.
If this all sounds harsh to you, I guess those evil Republicans and their Bush Tax Cuts actually benefitted the poor and middle class quite a bit.
The poll could have been designed more intelligently, by the way.
Several older Americans live off dividend income....
So what? Older americans live off dividend income, AND have social security and medicare that working people are paying for.
Younger Americans are trying to find jobs in a depressed labor market, and are paying FAR higher tax rates.
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A dividend rate of 15% helps spur capital investment and keeps money flowing into the now rigged/crooked stock market.
No, it doesn't. That's bullsh*t being fed to you. Capital gains are not more likely to be invested; it's all just income going to the household, the only difference is that some are wealthier than others. Dividend income and capital gains income are not inherently any more likely to be invested than wage income.
The less taxes I pay on my wages, the more I have to invest in the stock markets. It is no different than anyone else.
You could take 100% of the rich's money and you will still have a tax burden.
Our debt is at $15 trillion.
I hear this all the time. The question is not should we confiscate all the wealth from the rich but should raising taxes on the rich be part of a solution to fiscal balance.
Taxing the rich a few percent more raises as much money as imposing harsh cuts to Medicare and Medicaid. Thus, those cuts can be avoided by raising taxes modestly.
I hear this all the time. The question is not should we confiscate all the wealth from the rich but should raising taxes on the rich be part of a solution to fiscal balance.
Taxing the rich a few percent more raises as much money as imposing harsh cuts to Medicare and Medicaid. Thus, those cuts can be avoided by raising taxes modestly.
Taxing the poor a few percentage points would raise far more tax revenues than the rich, considering there is so many more of them.
I hear this all the time. The question is not should we confiscate all the wealth from the rich but should raising taxes on the rich be part of a solution to fiscal balance.
Taxing the rich a few percent more raises as much money as imposing harsh cuts to Medicare and Medicaid. Thus, those cuts can be avoided by raising taxes modestly.
What harsh cuts to medicare and medicaid are you talking about?
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