Dick Tuck
Board Troll
- Aug 29, 2009
- 8,511
- 505
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Just for shits, show us all how much raising taxes on the rich will pay down that deficit... You don't even have to show cause and effect with loss of investment and jobs due to raising taxes, you can pretend if you have 80% unavoidable taxes that people would just love to pay it if you like.
All I want is a number on how much taxes have to be raised, on who and how much revenue that pulls in to pay down the deficit. This should be easy for a smart guy like yourself who never just blurts out stupid talking points with no information to back their shit up.
OK, I'll give you an honest answer
The rich are taxed at the lowest rate in 50 years. While increasing their taxes to previous rates will not erase the debt immediately, it will do so over the next 50 years.
They will not take out their modest tax increase on their employees, they did not do so under Clinton and the economy boomed.
During the Republican debates, the candidates were asked if they would raise taxes by one dollar if it were accompanied by ten dollars in spending cuts
Not one of them raised their hand
The rich are taxed at the lowest rate in 50 years.
No they aren't. Back in 1988 the top income tax rate was 28%.
During the Republican debates, the candidates were asked if they would raise taxes by one dollar if it were accompanied by ten dollars in spending cuts
Not one of them raised their hand
Democrats have lied about spending cuts in the past in order to raise taxes.
They then increase spending and we're stuck with the higher rates. No thanks.
Lets make major spending cuts for the next 10 years, then we'll think about tax hikes.
It's misleading to use the statute rates as opposed to the effective rates. You are aware that things like capital gains are taxed at a much lower rate and things like mortgage interest and health care are deductible. I doubt that there's a single American paying 28% on their gross income.