Preferred Individual Top Income Tax Rate (user search)
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  Economics (Moderator: Torie)
  Preferred Individual Top Income Tax Rate (search mode)
Pages: [1]
Poll
Question: What would be your preferred top income tax rate?
#1
90%		  
#2
80%		  
#3
70%		  
#4
60%		  
#5
50%		  
#6
40%		  
#7
30%		  
#8
20%		  
Show Pie Chart
Partisan results
Total Voters: 48

Author Topic: Preferred Individual Top Income Tax Rate  (Read 5917 times)
fezzyfestoon
Junior Chimp
*****
Posts: 8,204
United States


« on: July 08, 2012, 12:23:43 AM »
Quote from: shua, gm on July 07, 2012, 11:58:50 PM
30%. If you reduce tax expenditures, this could bring in more revenue than currently even though the rate is lower.

That has never and will never happen. It's just an untruth at this point. A novel concept that has been proven time and again to be inaccurate.
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fezzyfestoon
Junior Chimp
*****
Posts: 8,204
United States


« Reply #1 on: July 08, 2012, 12:34:27 AM »
Quote from: shua, gm on July 08, 2012, 12:28:18 AM
Quote from: fezzyfestoon on July 08, 2012, 12:23:43 AM
Quote from: shua, gm on July 07, 2012, 11:58:50 PM
30%. If you reduce tax expenditures, this could bring in more revenue than currently even though the rate is lower.
That has never and will never happen. It's just an untruth at this point. A novel concept that has been proven time and again to be inaccurate.
I dunno. The Simpson-Bowles Commission suggested an even lower rate. There are plenty of generous deductions and credits out there that go to high income earners. There's just not the political will to reform them.

No, no, nevermind. I was thinking of something else.
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