I agree with Obama. It is not “fair” that Buffet pays a higher rate than his secretary...
...We should cut HER taxes to 15% and make them permanent. We should then adjust government programs based upon THAT amount of revenue.
We know if you want more of something, cut the cost.
1. Cut the total income tax rate to 5%, eliminate ALL loopholes and make ALL income taxable.
2. Enforce the damn tax code!
3. Make everyone have some skin the game concerning taxes by eliminating all tax exemptions/credits.
4. Watch the libbies squeal.
I wouldn’t mind paying 5% income tax on all income if everyone else was, from the minimum wage worker to Warren Buffet Himself.
Oh, and make it so that creating tax shelters overseas is illegal too. I would love to see 90% unemployment for financial planners and tax advisors that work for liberal millionaires and billionaires.