Don’t forget, 80% of us want an increase in taxes.
And I am part of that 80%! I want to see the standard deduction greatly LOWERED, so more of that bottom 50% - who don't pay any income taxes - pay at least something, and feel a bit more pain when they demand more freebies.
If President Obama wants to tax the top 1% - who already carry the load for income taxes - and "spread the wealth around", then I want to tax the bottom 50% to "spread the pain around".
Tax increases? Fine - on the bottom 50% only. Eliminate the standard deduction, child deduction, mortgage deduction and lower tax rates accordingly. The "top 50%" will pay the same net income taxes, but the bottom 50% who pay nothing will now have to start contributing "their fair share" as well!