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Our kids are about to inherit a huge debt that could cripple this nation. The spending planned for the next 20 years and the entitlement of social security for the baby boomer's will dig my grandkids such a hole they may never recover.
There is no way a tax increase on the top 5 wealthy people in the US will make up this deficit so we need to increase the tax rate for every American Family at least 20%. That includes Joe the Bus driver making $25k a year
Let's spread the agony around to everyone not just a select few.
I disagree. We should exempt the bottom 85% of the income from taxation and set the rate high enough to recover the cost of government from the rest.
And why in the world would we exempt ANYONE from taxation? One might argue that lower income individuals use a higher percentage of services without paying, (i.e. such as police, ambulance, hospitals etc) so someone could argue that they should pay more, but why in the world do you think ANYONE should be exempt?
'Fraid I can't afford higher taxes, unless I'm about to get bigger benefits.
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