The tax levels are not the problem. We don't need to raise taxes...what we need to do is close the loop holes that many of the rich use. There are more than 3300 "special" tax breaks, in the tax code, for the wealthy and large corporations. Raising the taxes will not solve anything as long as those special tax breaks are there.
No. The rich are the ones who employ those less fortunate. They provide jobs and purchase from companies to spread the money around. They are an important part in our economy.
Should taxes be increased on the rich?
Who do you consider the rich? Everyone should pay their fair share. Something is wrong when close to 50% do not pay any federal taxes. There are 25 jobs bills passed by the Republican House sitting in the Democrat led Senate waiting for a vote.
There are some 14million unemployed that would be happy to pay taxes IF THEY HAD A JOB.
by Nickny798 years ago
Issue: Why raising taxes on corporations is BAD economics and does NOT serve any social justice:1. when gov't raises taxes on corps., corps. don't pay more money, CONSUMERS do with increased prices that...
by ptosis7 months ago
federal income tax rates history, During the eight years of the Eisenhower presidency, from 1953 to 1961, the top marginal rate was 91 percent. (It was 92 percent the year he came into office.)What does it mean, though?...
by Tony Lawrence6 years ago
Is nobody going to call Peter Schiff on his "I pay 50% tax" crap?Recently, Peter Schiff marched into OWS and confronted demonstrators, claiming that he pays 50% of his income to taxes. Unfortunately, the...
by Stacie L6 years ago
WASHINGTON (AP) — President Barack Obama is expected to seek a new base tax rate for the wealthy to ensure that millionaires pay at least at the same percentage as middle income taxpayers.A White House official said...
by Dr Billy Kidd5 years ago
The Senator from Nevada, Reid, says a Bain Capital employee told him Mitt Romney did not pay taxes for 10 years. If this proves to be true, does this change anything? Won't some people simply regard Romney as more of a...
by Dennis L. Page5 years ago
Do tax breaks for the rich really create jobs?Nick Hanauer, a venture capitalist states consumers create jobs and not the wealthy. He claims the rich only hire if consumers are buying goods and products and that there...
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