R
rdean
Guest
How Much Revenue will Government Gain from Tax the Rich?
How much additional revenue will the government collect from increasing taxes on those making over $1 million a year? On those making $250k a year?
Be sure to factor in some Laffer curve bias.
Will this additional revenue cover the government spending gap?
Can we give the rich incentives to pay higher taxes?
Come on Democrats, Make your best case!
Considering the Bush 2.4 trillion dollar tax cut that was passed through the same reconciliation that Republicans hate did nothing to help the country and more than 52% went to the top 1% and all of those that were millionaires and billionaires only saw their fortunes swell, I would say we could start there. That would bring back over a trillion dollars from people who never needed it in the first place.
Link?
Link to what? The Bush tax cuts? Is this a joke? You didn't know that Bush cut taxes to the tune of 2.4 trillion and more than 52% went to the top 1%? This is what everyone has been arguing about since Bush's first term.