Why We Need The Millionaires' Tax
Because many of them pay relatively modest amounts in taxes now.
Data show.
The public supports it, Republicans oppose in favor of their wealthy constituents, and Democrats have a ready-made issue.
Run with it.
4 comments:
...and Democrats favor the system that allows almost 1/2 of US citizens to pay no income tax at all.
The problem is, sooner or later you will run out of other peoples money.
To RD - - Yeah, let's squeeze some blood out of that turnip. You think there is equivalency between a family of four or five living on $25,000 a year, and a millionaire using breaks and preferences to zero out on taxes, too, or pay a piddling few thousand.
Nice.
James,
Shouldn't every citizen at least have some skin in the game, and show some responsibility towards supporting our Federal government with taxes?
What happens when more than 50% of the people can simply vote themselves more money by supporting Democrats.
It won't be long before we see this on a democrat yard sign.
"Hey, vote for me and I'll take their money and give it to you!"
Nice plan for some, but it doesn't work. You will eventually run out of other people's money to give away. This is also a disincentive for people to try and earn more income.
There becomes a point, like when our nations tax rate was 70% for those making $250,000 or more, or when it was over 90% for those making a million or more, that people will simply stop trying to make extra money because it is not worth the effort involved if we go back to letting people keep only 10-30 cents of every dollar they earn. (Of some arbitrarily set dollar amount)
I once asked my very liberal secretary... What do you consider rich? Her response was, "anyone who makes more money than I do." The issue with democrats is that they play the same card down to the guy who doesn't have a job at all.
To RD - - That line about giving away other people's money is bulls**t. Who do you think paid for the schools in your neighborhood when you were growing up?
And the roads, airports, food inspectors, and so on?
I have known and still know low-income people who work unbelievably hard for meager income and taking an income tax on top of all the sales tax they pay and the property taxes they pay through rent would be crazy.
Skin in the game?
Get real.
And most people with relatively-high incomes pay far less in real taxes than what the brackets indicate, given deductions.
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