Nobody agrees with me that jacking up the tax rate on capital gains, is just about the worst place to raise revenue? (The Buffet Rule doesn't raise jack sh*t in revenue in any event; 6 billion a year is next to nothing, and that may assume a static rather than dynamic analysis, while portending an increase economic inefficiency.) Cut the deductions first, and then ... well I am repeating myself. I mean I dump on Romney when he is wrong. Do you guys just think all of Obama's ideas are the cat's meow? And I am one Pub who agrees that we need to raise more revenue, and we still can't agree on much, including trying to raise revenue in a way that will minimize economic distortions, and increase economic inefficiency.
It is going to be a long campaign.
You'll get no disagreement from me, but you keep presuming that the vast majority of Americans have any understanding of taxes or tax rates or economics, especially involving taxes they don't pay. I also don't see why you think this site will be any different, being populated by liberal arts major types who couldn't balance a checkbook if their life depended on it. I've lived too long with those types, and now I deal with lawyers, who are just the same, except that they can argue consistently.
One thing is almost certain - Buffett will end up making more money through this plan. His involvement with government on anything is always towards this end. I think I know how, but will not say that much at this time.
aren't you a music major?