You are exactly right. The "official" tax rate for the rich is 39.6%, but they don't pay anywhere near that because of the ridiculous amount of loopholes in the tax code. The tax code is outdated and just simply needs to be rewritten. There shouldn't be a way for the rich to pay lawyers to find...
You are correct in saying that. I'm not saying only the rich should pay taxes. Return all of the tax brackets to were they were in the 1950s. It would still close the gap between the rich and the poor immensely. Taxes used to and should be a huge revenue creator for the government, but the tax...
The taxes were higher than 76% in the in the mid-1900s, when our economy was at its peak and America was experiencing the greatest boom it has ever had. Would there be some bosses who move to the Caribbean? I'm sure some would, but very few. The few that move are probably the bosses that are...
Haha this is what I encounter when I talk to my conservatives friends in person as well! There has to be some Republican out there who can explain to me why they think taxing the poor more than the rich would create more jobs and stimulate the economy!
Explain to me how this would benefit our economy please. Why would anyone work if they had to pay more taxes than their greedy bosses who are already severely underpaying them. This would cause a revolution. But I want to hear what you think this would do please elaborate.
I would say a fair number for the highest tax bracket is 75%. I'm talking about people who are making hundreds of millions or even billions of dollars. The problem with our country is that we have completely lost a recognizable middle class. The rich are getting richer and the poor are getting...