marginal tax rates for 100 years on top 1%

Onceler said:
On principle, I don't think anyone should have to pay more than one third of their income on taxes.

Gov't should be focusing on ways to make bureaucracy more efficient, and waste less taxpayer money. I support ideas like universal healthcare, but do it in a way that delivers real cost savings.
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I tend to agree with this. Unfortunately, the only real way to get health care to a place where its affordable, is going to mean taking out the middlemen, i.e. some jobs.
 
Watermark said:
LOL. That, if it worked, would encourage more production and have a negative effect on demand.
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it would not be done in a vaccume.

Other stimulus would also help the situation.

Look at the chart watermark, that is just what FDR did and it worked.
 
uscitizen said:
15% tax on all income, no deductions.
You make 10K you pay 15%, you make 1 billion pay 15%.
The truely fair tax.
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That would result in an effective tax hike for millions of Americans, especially the middle class. While I like the 15% rate I'd prefer there be an exemption of $40,000 - $50,000.
 
Watermark said:
Forbes said 17%.

I say 20!
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If I remember correctly, Forbes' plan was 17% on income exceeding $36K, with additional deductions for large families. That was in the late 1990s. Adjusting for inflation and increased cost of living, I'd say $45K would be a good starting point.
 
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