Good luck with that. Where i am from , if you dont pay taxes somebody will show up and ask for it sooner or later. Mostly sooner.
I am not saying that I do not pay my share of taxes. I am saying I would rather pay less than more. If the dear Oleader increases my taxes I will be still getting the same amount of government services. It is like he desides that starting on Monday you have to pay 50% more for bread. Would not you ask WTF?
If the dear Oleader increases my taxes I will be still getting the same amount of government services. It is like he desides that starting on Monday you have to pay 50% more for bread. Would not you ask WTF?
To stick with your bread analogy, it's like the shop selling you bread has been making a loss on every loaf and unless you pay more they'll be going out of business very shortly.
These guys don't seem to think it would raise very much.
I haven't seen figures of how much higher tax rates (not just a "Buffet Rule") would generate, but something tells me that if taxing the "super rich" at a higher rate is only going to net us another $50 billion per year, we've got a bigger problem. That problem starts with "s" and ends with "pending."
These guys claim that repealing the Bush tax cuts on the top brackets would generate $800 billion (over what time period, they don't say. I HIGHLY doubt that's per year). What was our deficit again, the last time we bothered to pass a budget?
Something to keep in mind with the perpetual tax conversation is trying to compare apples with apples.
Just fiddling the tax rates to match the past would be clearly unequal.....as at the local/state level we've seen a lot of yo-yo-ing of taxes.......especially with many unavoidable taxes masked as fees today that simply didn't exist yesterday.
And it's worth mentioning again that while incredibly high marginal income tax rates did exist....how many were actually captured by them?
As I understand it, it was possible then to manage one's tax affairs to legally avoid much of the impact.
Just look at Maryland's attempt at implementing a millionaire's tax on it's residents a few years ago......they nearly all "legally disappeared" overnight.
It's like trying to hit a Ferrari with a bulldozer.
It's real simple....eliminate the tax code and replace it with something that is fair and retard simple that can fit on a double sided piece of A4 (8.5x11) paper.
States and local government can do whatever the hell that want on top of it to compete with each other to try to attract or repel business and jobs.