Quote:
Originally Posted by Stentor
cobra bill, I have a few questions for you. - At what income level do you consider someone "upper class?"
- What should the federal income tax rate be on the "upper class?"
- How much of the federal tax burden would you like the "upper class" to pay?
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At what income level do you consider someone "upper class?"
any one making 1 million or more a year
What should the federal income tax rate be on the "upper class?"
it's like an engine, you need a perfect balance of fuel and air for the engine to run properly, too little fuel and it runs lean, too much and it runs rich, just right and you make real power. if the economy was growing at a steady pace for 20 years before Reagan made his tax cuts, and they were continually cut for the next 28 by every administration, I would say some ware in the middle. Every time in our history we cut the taxes on the top end we have had a bubble, so we need to find that perfect balance, I'm not an expert and I'm not going to just throughout some arbitrary figure, I do know that right now it's out of whack.
How much of the federal tax burden would you like the "upper class" to
once again, I'm not sure what that balance is, before Reagan we had slow steady growth, and it was 90% OK even I agree that excessive, Reagan dropped it to 70% OK maybe still too high, but right now, ever Warren Buffet says it's not fair that his secretary gets taxed at a higher rate than he.
Hybrid Mode
