This is an abysmal system that is going to end badly one way or another.
No shared sacrifice from these assholes.The 400 richest Americans used to pay 30% of their income on the average to Uncle Sam. Today, they pay 18% on the average, according to Steve Rattner, a Wall Street financier, who just presented these figures on Mornings With Joe,MSNBC.
The main reason for the drop in their tax rate of some 40% is the tax cuts by George Bush in 2003, taking the rate paid on dividends and capital gains down to 15%.
Rising Hegemon
5 comments:
It's not sacrifice to pay for what you get. It's called being honest.
It's not sacrifice to pay for what you get. It's called being honest.
Taxes are for the peasants, not the aristocracy.
When Ike was president, it was a 91% tax on incomes over 400K.
And America prospered, built the infrastructure highway system...
Since when did 55 years ago become ancient history?
vox
they USED to pay 90%. i say we go back to the fucking EISENHOWER economy.
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