I think that what we're debating here is 'how much is FAIR?'.
To
give 25% when you are of modest means (50k income per year), but to give 50%
back, when you earn as much as 200 people making 50 thousand dollars a
year do (ten million dollars per year)...seems about right 'fair' to me.
Although I would add investment income into the same equation.
These
taxation issues are always and naturally in flux. They always have been and always will be.
From 1936 to 1986 the USA had far higher taxes on the wealthy. Those were our Glory Days when the USA set the standard!
The truth is, what
I propose is 'conservative' in comparison to our past taxation policies
which stood us well economically.
Yes America, we can go home again!
January 10, 2013
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