MrRodgers -> RE: CBS Dem Debate (11/23/2015 1:11:46 PM)
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ORIGINAL: Greta75 Lmao, bernie sanders says, super wealthy people will be taxed above 50% and below 90%. So 80%?? Woo hoo! Wrong way to go about it. The income tax (1040) should not be a political football, no matter how much air is in it. Equalize taxes on capital and labor. Tax capital gains, carried interest and dividends the same as all 1040 income. Bring the top rate down on all income below say $200,000 and then a very sparsely, highly graduated higher tax on super incomes like Million$ per year on the moral grounds that they pay a higher premium for defense and law enforcement because they have so much more to lose. Education could be interest free or even paid but strictly as a scholarship reward...not for everybody. Germany is brilliant on education. Before entering the 10th grade in HS, you and your counselor decide, professional educ., i.e., doctor, lawyer, engineer...or, technical educ., i.e., equip. service, manufacturing or say...construction. If, IF there need be any attempt at federal (or state) tax incentives, they should be directed at start-ups and/or those directly tied to new employment. Limit the mortgage interest deduction to the median price of a home...of any type. Limit FHA and VA guarantees to the same amount. $215,975 per Zillow.com, $229,400 per CNN and $219,600 per YCharts.com Remove ALL corp. tax credits, subsidies and means test agric. subsidies. All of that, is just a start. Even Alex Hamilton the father of crony capitalism and among the nations first wall street bankers, monarchist, federalist and believer in a central bank with a debt based economy, said that govt. could be paid for with a small tax on business with obviously...no income tax on labor.
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