He HAS grandchildren-so do I and i want HIM to keep things fair and stable for them-not this crazy left PC crap and 80% tax rate on all of us-the illegals sure won't pay it
It's called the Marginal Tax Rate. And it only affects the amounts OVER a certain amount. In the early 80s and back, that marginal tax rate was 70% for any income (adjusted) over 200K. One of the things brought up has been getting rid of almost all the riches loopholes and use the figure for the marginal tax of 10 mil. That means, only the amounts over 10 mil would be taxed at 70%. That was just one figure suggested. I think that is a bit high and should be a lower dollar figure. 10 mil is a bit high but 200K is a bit too low.
You honestly believe that we build our Interstate from regular peoples tax money? Or went to the Moon on a Middle Classes Tax Money? Or build those Water Works projects? It was almost all paid by the Marginal Tax Rate. And you will notice that our Transportation and Water Works is in bad need of an influx of funds. But the money just isn't there without the Marginal Tax Rate.
To give you an idea, when the US entered in to WWI, there was a 10 cent tax on every phone to pay for it. The war was finally paid for that way. Middle Class and Poor People didn't have phones. Only Rich had phones. But this is a program that was forgotten and the 10 cent tax continued well into the 90s before someone in the FCC said, wait a minute, this was already paid back. It was finally dropped.
The point here is, almost every public works you enjoy have been paid by the Rich for the most part. Until the last 30 years and look at the mess those programs are in now. The average person cannot afford to replace every lead pipe in Flint Michigan to get rid of the Lead in the Water. We need better Levies in New Orleans but no one can figure out a way to pay for it so it is just another disaster waiting to happen. Our Grand Parents knew how to pay for it. But it was all changed during the Reagan years (and I don't care who was in congress at the time) and the Works were allowed to go to hell since there wasn't any seed money to keep it going.
You saying that YOU would be paying 80% is probably a lie unless you are making at least 10 million clear each year. If you are, then you need to pony up like your Grand Parents did and they didn't bitch and cry since they also used all the Public Works themselves.