You could tax 100% of the income of the lowest income 35% of the country and that wouldn't run the government for ten minutes.
Not to dismiss your concerns about the Democrat tax conspiracy to finally come home ~ to their distress, but I think income taxes, per se, have failed to finance government, and can be considered to be just another failed government program.
Before the income tax amendment this country used indirect taxes to finance the federal government and that was quite successful ~ albeit a tad limiting eh!
This fiscal cliff deal will not be resolved by the current Congress except by almost eliminating federal spending.
Now's the time to strike! ~
I fully understand everything you are saying...
I do not beleive you understand what I am saying..
this is not about funding the government in regards to lower income people..
this is about putting cash into the kitty, about feeling some pain for once, about “being fair”
if a fubo voter comes to you about taxing the rich, yet they bitch because their taxes went up, all you have to say to them is “now everybody is feeling the pain. how much more fair can you get?”..
what can they say in return that does not make THEM sound greedy and childish???
the rich will be paying more ( it was gonna happen anyway ) the middle class will be paying more ( it was gonna happen anyway ) and now...
the lower income and those that did not pay taxes before are going to be paying more, and a whole host that did not pay anything are going to be putting something into the kitty...
talk about an opportunity to not only educate, but convert some libs to conservatism...
those that do not wish to change their views, well, just keep on coughin’ up the cash pal, ‘cuz you got exactly what you voted for...
be careful what you ask for, ‘cuz you might just get it..
let them eat cake
You could tax 100% of “the rich”......those making “over 250k”/yr....
This year, Congress will spend $3.7 trillion dollars. That turns out to be about $10 billion per day. Can we prey upon the rich to cough up the money? According to IRS statistics, roughly 2 percent of U.S. households have an income of $250,000 and above. By the way, $250,000 per year hardly qualifies one as being rich. It’s not even yacht and Learjet money. All told, households earning $250,000 and above account for 25 percent, or $1.97 trillion, of the nearly $8 trillion of total household income. If Congress imposed a 100 percent tax, taking all earnings above $250,000 per year, it would yield the princely sum of $1.4 trillion. That would keep the government running for 141 days, but there’s a problem because there are 224 more days left in the year.
At the end of that little stunt....all local jobs and industry would be gone!!!and the way DC would look at it,.....well, they’d see it as having successfully wiped out the competition!!!!