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1.3 trillion in deficit
<100 billion in additional revenue per year for "tax the rich".
We're saved!
Not entirely, but a move in the right direction.
More like a laughable joke of a a balanced budget initiative.
Maybe the wealthy should just adopt all neo-communist progressives.......
Seems they all need a sugar daddy to depend on.......
But you know that "the rich" shoud pay more, right?
Yes.
1.3 trillion in deficit
<100 billion in additional revenue per year for "tax the rich".
We're saved!
Not entirely, but a move in the right direction.
don't the facts show he invested in failed solar companys that would have covered the tax on the rich.
Shouldn't everyone pay their fair share?
Aren't we all supposed to be in this together?
What is a "fair share" ?
That's a good question and my answer to it is 10% of one's gross income regardless of the source.
1.3 trillion in deficit
<100 billion in additional revenue per year for "tax the rich".
We're saved!
Not entirely, but a move in the right direction.
More like a laughable joke of a a balanced budget initiative.
But you know that "the rich" shoud pay more, right?
Yes.
Why? The rich already pay 80% of all income taxes.
Not entirely, but a move in the right direction.
More like a laughable joke of a a balanced budget initiative.
Then why worry about it? Seems a bit of folly.
What is a "fair share" ?
That's a good question and my answer to it is 10% of one's gross income regardless of the source.
Gross income?
So if a sole proprieter has a gross income of $500,000 and profits $35,000, you'd tax him $50,000 ?
Not entirely, but a move in the right direction.
More like a laughable joke of a a balanced budget initiative.
If 100 billion isn't enough money to matter then you shouldn't have a problem continuing to fund public broadcasting at < 1 billion.
Yes.
Why? The rich already pay 80% of all income taxes.
To close the deficit without harming the economy.
More like a laughable joke of a a balanced budget initiative.
Then why worry about it? Seems a bit of folly.
WHy should we ask people to fund folly?
Raising taxes on the rich was the cornerstone of President Obamas reelection campaign. If were serious about reducing the deficit, Obama told a rally in Columbus, Ohio, on election day, weve got to ask the wealthiest Americans to go back to the tax rates they paid when Bill Clinton was in office.
But just how much deficit reduction would Obamas tax hikes on the rich necessarily accomplish?
Nothing, according to the Congressional Budget Office.
Letting tax rates rise to Clinton era levels for those families making over $250,000 a year would only raise $824 billion over ten years. That is not even enough revenue to undo the sequester that Obama promised will not happen during his final debate with Mitt Romney....
How much deficit reduction would Obama
Why? The rich already pay 80% of all income taxes.
To close the deficit without harming the economy.
But I thought deficits didn't matter.
Once again you're trying to have it both ways.
Not entirely, but a move in the right direction.
More like a laughable joke of a a balanced budget initiative.
Then why worry about it? Seems a bit of folly.
To close the deficit without harming the economy.
But I thought deficits didn't matter.
Once again you're trying to have it both ways.
I didn't say deficits didn't matter.
Raising taxes on the rich was the cornerstone of President Obamas reelection campaign. If were serious about reducing the deficit, Obama told a rally in Columbus, Ohio, on election day, weve got to ask the wealthiest Americans to go back to the tax rates they paid when Bill Clinton was in office.
But just how much deficit reduction would Obamas tax hikes on the rich necessarily accomplish?
Nothing, according to the Congressional Budget Office.
Letting tax rates rise to Clinton era levels for those families making over $250,000 a year would only raise $824 billion over ten years. That is not even enough revenue to undo the sequester that Obama promised will not happen during his final debate with Mitt Romney....
How much deficit reduction would Obama
Idea! Let's be fair, every dollar, dime and penny donated to a SuperPAC, Candidate, Party or cause must be matched by the donor to a fund reducing the national debt.
