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No... You just dont like using the same % for the rich and the poor.
Actually, I could live with the same percentage being used by everyone. Not only that, but I'd also go as far as having a graduated system kicked in a the very bottom as long as there were no deductions for anyone.
Let's say that we hypothetically settled at a 20% flat tax. All INCOME is taxed the same including capital gains. We would say that household making under $20k pays no tax. $20k to $25k pays 10%. $25k to $30k pays 15% and $35k and up pays the full 20%. No deductions, tax credits, earned income period. Would you go along with that?
Billionaire CEO's like Warren Buffet have 11% tax rates.
But my cousin who is a doctor and businessman pays over 30% in taxes. My cousin worked his butt off to get where he is, he keeps your family healthy, and his business ventures create jobs in America. But American CEO's move their American jobs to Asia to get cheaper labor costs.
Today's republicans only fight for what the CEO's at Fox news/Rush radio tell them. And the CEO's want this,
But my cousin who is a doctor and businessman pays over 30% in taxes. My cousin worked his butt off to get where he is, he keeps your family healthy, and his business ventures create jobs in America. But American CEO's move their American jobs to Asia to get cheaper labor costs.
I assume you believe that if your cousin ever opened a hospital, he'd immediately turn into a CEO and move the hospital overseas. After all, all CEO's move jobs overseas, correct?
Billionaire CEO's like Warren Buffet have 11% tax rates.
But my cousin who is a doctor and businessman pays over 30% in taxes. My cousin worked his butt off to get where he is, he keeps your family healthy, and his business ventures create jobs in America. But American CEO's move their American jobs to Asia to get cheaper labor costs.
Today's republicans only fight for what the CEO's at Fox news/Rush radio tell them. And the CEO's want this,
A CEO must manage lots of people and situations as well as work with budgets while keeping an organization running.
Bwahahah.
Sorry but no. Maybe for a small company. But for a larger company they have minions that do all of that. Its the management of the minions which is important....and many ceos have a VP that does even that. So really it depends on the company and the position.
As implemented by the Grand kOch Party? I didn't just fall off the turnip truck.
Besides, I want billionaires to pay a top marginal rate of 70% or maybe more. You know- like they did back in the 50's when the middle class was thriving, the U.S. was undergoing an economic expansion of historic proportions, and the national debt was shrinking as a % of GDP.
Actually, JFK cut that outrageous rate, and the economy boomed because of it. Later, Reagan followed his lead, and the economy boomed again (we pulled out of the horrible Carter years of "malaise."
I think you'd better examine history, and the effect of a high marginal rate, before you conclude we should be soaking the rich.
Lowering the top marginal rate actually results in more tax dollars to the Federal government. Thank you for asking: Because, the resulting economic expansion creates more jobs, and more people working and paying taxes means more tax money to the Federal government.
You cannot help the poor by destroying the rich.
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