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Author: ascenzm Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 749524  
Subject: Re: Brent Bozell is digging in his heels Date: 11/30/2012 2:56 PM
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"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?

Mike
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