No. of Recommendations: 13
"White House Press Secretary Jay Carney has said, “Everyone ought to pay their fair share. Part of paying their fair share is simply suggesting that the highest income Americans, those making over $250,000, the top 2%, including millionaires and billionaires, can afford to, and should, pay income taxes at the marginal rate that was in place in the 1990s when we had one of the strongest economies in American history and when we created 24 million jobs.”

It is estimated that if the tax rate was raised for those making $250,000 or more per year, it would generate about $90 billion in federal tax revenue. The federal government spends about $9.5 billion per day, which means that extra tax revenue would cover federal spending for a little over 9 days."

It's not about raising funds. It's about punishing the successful who are not dependent upon government.

I'd love for the Dems to tell us what top marginal tax rate is a fair and proper tax rate. 40%, 50%, 50%, 90%?

Who is John Galt?

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.