- Sep 27, 2012
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You sure about that homie?Because modern democracies use a progressive tax rateWhy shouldnt they? Why should different income levels be taxed differently at all?Every time they adjust the brackets, the mega wealthy end up paying moreJeb for instance wants to reduce the number of brackets. The current amount of tax brackets does not make the code complicated nor is it difficult to implement. Real simplification is eliminating all of the tax loopholes that the rich take advantage of to pay a small effective rate. All Jeb is guaranteeing is that the rich pay even less in taxes than before. That is all fewer tax brackets would do.
Why should someone making $400k pay the same rate as someone making 40 million?
The only one who doesn't......Russia