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What middle class person pays anywhere near 28%? I am middle class and have never paid more than 10% in my life.
You DO realize your 'loopholes' are open to anyone, not just the wealthy, don't you?
HowTF are they open to anyone? HowTF does a burger flipper who can't buy a house claim deductions for mortgage interest and property taxes? HowTF does an uninsured burger flipper enjoy tax-free health insurance? HowTF does a burger flipper living paycheck to paycheck make a 401(k) or IRA contribution?
Close the loopholes, ban all government subsidies (personal & corporate) and flat tax everyone incrementally by level of income. Perform audits yearly on the mega-rich. Ban electioneering (advertisements) on tv and elsewhere and keep the electoral process to a six-week time period. No more special-interest bacon, no more stacked absurdities known as omnibus bills. End SNAP. Illegalize PAC's & lobbyists. Cut all life-long benefits to Congress & the president & the cabinet (except security) and give them minimum wage.
Counting the number of increased Chinese employments as an indicaton that someone is a "job-creator", deport them to China. Or Taiwan.
Please list the loopholes that are ONLY available to the rich.
Would you agree that they are not available to the poor and the working class? e.g. a burger flipper who can't buy a home can't claim deductions for mortgage interest and property taxes.
Because the Bush Tax Cuts (TM) were tax cuts for parents, and because the top 1% (or top 10%) have fewer kids on average than the bottom 99% (or bottom 90%). Also, the middle class enjoys greater proportional benefit from tax breaks than does the top 1% (or top 10%) partly because of stealth taxation on the rich which takes away many deductions at incomes over $100K or so.
All of which kills the totally false notion that the top 1% pays a lower federal income tax rate than the average earner. Any claim to the contrary is just a blatant declaration of willful ignorance. We've seen exactly such posts in this thread.
All of which kills the totally false notion that the top 1% pays a lower federal income tax rate than the average earner. Any claim to the contrary is just a blatant declaration of willful ignorance. We've seen exactly such posts in this thread.
The deal also paves the way for extending Soc Sec for a long time. Adjust the payroll tax limit to pick back up on those earning $250-$400K..... hmmmm?
HowTF are they open to anyone? HowTF does a burger flipper who can't buy a house claim deductions for mortgage interest and property taxes? HowTF does an uninsured burger flipper enjoy tax-free health insurance? HowTF does a burger flipper living paycheck to paycheck make a 401(k) or IRA contribution?
A burger flipper CAN enjoy those deductions, if he/she plans money adequately.
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