Sam <[email protected]> wrote: > > Most of the money from "the Bush Tax Cuts for the Rich" come from the > middle class. > You cut the middle class tax cut and that's like $500 billion. > > That doesn't play well politically. The middle class does want to get > hit again to pay for Obamacare. >
More specifically: (1.) Cut the top rate from 35 to 30, and make larger cuts for everything below that. (2.) Create a new AMT for "the rich". Something like those earning more than $750k/yr, $1.5M etc and then create a net worth trigger as well. i.e., everyone below $750K/yr gets a big cut, everyone above kicks in and the big net worth guys really kick in ... maybe you give them gov't bonds ... now THAT would be interesting ... kind of a JP Morgan thing. (3.) Business in the Fortune 500 pay 35%. Why? Businesses get customers in exchange for paying more taxes and the middle class gets confidence. keep in mind - those consumer are 70% of the economy!! If they don't buy your "encourage business" with all the tax cuts you want and they still go bankrupt. Again for effect: if deflation starts 70% of the economy collapses. No buyers. Great, WalMart was "encouraged" with a 50% tax cut. Who's the buyer? Answer=nobody. You incent the customers - 35% tax bracket on down - with corporate cash. Right now that cash is 70% printed money from the Fed and 3 years ago it came from China. Dude. Call it Robinhood but any other way and you're unemployed because your company lost all its customers. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336773 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
