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Get StartedBut I do agree the marginal rate should be at least 70%; it should never have been lowered from that.
Compared to what it is now, how significant of a difference would it be? What would it change? I've heard the trickle down, job creation side of the argument in detail from family, but not much of the Bernie/AOC side specifically.
I say get rid of the standard deduction and child tax credits. Taxes start at 10% and the top rate is 49%. Let everybody contribute.
problem is, every dollar of income isn't the same. up to a certain amount is money people need to live on. and so standard deductions exist for that, and for poor couples with kids.
That $30,000th dollar is still paying for living expenses. The $150,000th isn't. or if it is, it's paying for an unnecessarily large house...
problem is, every dollar of income isn't the same. up to a certain amount is money people need to live on. and so standard deductions exist for that, and for poor couples with kids.
That $30,000th dollar is still paying for living expenses. The $150,000th isn't. or if it is, it's paying for an unnecessarily large house...
I understand that...but those are the breaks. I'm tired of the deadbeats at the bottom not kicking in anything. I have a sister in law that doesn't work and she gets a nice tax refund every year. Seems odd...get a return when you don't put in a dime.
The problem isn't the rich people who only pay 40%...it's all of the deadbeats we have in this country that don't contribute anything.
I'd be fine with increasing the tax rate towards the top. Hell, start it at $150K, but get rid of the child tax credits and make everyone pay a little.
I understand that...but those are the breaks. I'm tired of the deadbeats at the bottom not kicking in anything. I have a sister in law that doesn't work and she gets a nice tax refund every year. Seems odd...get a return when you don't put in a dime.
The problem isn't the rich people who only pay 40%...it's all of the deadbeats we have in this country that don't contribute anything.
I'd be fine with increasing the tax rate towards the top. Hell, start it at $150K, but get rid of the child tax credits and make everyone pay a little.
I say get rid of the standard deduction and child tax credits. Taxes start at 10% and the top rate is 49%. Let everybody contribute.
I understand that...but those are the breaks. I'm tired of the deadbeats at the bottom not kicking in anything. I have a sister in law that doesn't work and she gets a nice tax refund every year. Seems odd...get a return when you don't put in a dime.
The problem isn't the rich people who only pay 40%...it's all of the deadbeats we have in this country that don't contribute anything.
I'd be fine with increasing the tax rate towards the top. Hell, start it at $150K, but get rid of the child tax credits and make everyone pay a little.
As someone that came from the bottom, my anecdotal experience is that the 'deadbeats' are outnumbered by the people that are actually trying. You're going to punish and cripple a lot of people that are trying to make something of themselves.
We're talking about people making more than like $400-500k, right?
Maybe punish, but not cripple.
I understand that...but those are the breaks. I'm tired of the deadbeats at the bottom not kicking in anything. I have a sister in law that doesn't work and she gets a nice tax refund every year. Seems odd...get a return when you don't put in a dime.
The problem isn't the rich people who only pay 40%...it's all of the deadbeats we have in this country that don't contribute anything.
I'd be fine with increasing the tax rate towards the top. Hell, start it at $150K, but get rid of the child tax credits and make everyone pay a little.
And these days, there are fewer people making it from the bottom to the upper income ranges than there used to be.
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