[sickoflibs]

See:About the extension of the ‘Obama’ middle class tax cuts, as Pelosi re-named them

[MortMan]

That may make him fit in quite well with the liberal editorial staff of The Courier-Journal and with other liberals throughout the nation, but it does help add anything constructive to a very important debate which will effect the nation's future.

A pity that this well-reasoned piece ended with an error. The author clearly mean "doesn't" add anything constructive.

[silverleaf]

Someone send this to “Sid”- he is lying or stupid or both about what happened when Bush cut the TAX RATES

http://www.washingtontimes.com/news/2010/feb/03/bush-tax-cuts-boosted-federal-revenue/?feat=article_top10_shared

Tax revenue expanded by $785 billion in 4 years- the largest expansion of govt tax revenue in 4 yrs, in US history

Stocks up 20%

$15 Trillion in wealth created

8 million jobs added to economy

Oh wait, and when the rich got “richer”, they paid MORE TAXES
http://www.washingtontimes.com/news/2010/jun/20/cbo-rich-got-richer-paid-more-taxes-under-bush/

[Kellis91789]

I don’t think this piece adds to the “understanding” of income taxes very much.

There is a much more basic point to understand: the total of all personal and corporate income tax revenues amounts to less than 10% of the total income. Total Federal Income Tax revenues are less than $1.3T out of more than $13T of personal income.

The upshot is that if EVERYONE paid just 10% flat tax on income, NOBODY would have to pay 35%, 39.6% or even 15%. The corollary being that the only reason high earners are hit with such high rates is to allow millions of other people to pay LESS than 10% of their income in Federal Income Tax.

If the goal of the tax systems was revenue, competitiveness, and economic growth — rather than social engineering — a flat 10% income tax would accomplish the goal much better than this social-engineering-oriented disaster we call a tax system.