Thank you for that... It's clear that the bogus statistic of the rich paying more taxes is never compared with how much more of the nation's wealth the rich are rewarded as income. And if that is further compared as a percentage of discretionary income, it's off the charts. I'm against raising taxes, but when lowering them there should be an eye towards what boosts the economy, as well as what is fair to those who make this economy run.
BTW, re: making a dividend exclusion on personal recipients, rather than the more sensible corp deduction on dividends, the designated Heritage lackey "expert" made a quick propaganda response yesterday - he said "I'm not sure, but I'd guess it's due to the difficulty of making corps keep track of who's dividends are taxable and who's aren't. It would be a nightmare for co's to keep track of that".
A transparently bogus answer. It's always the recipient's responsibility to declare revenues, whether taxable or not, etc., and never the company's, who would simply issue dividends, and deduct them from profits like any other expense.
The thing about it was the smiley, toothy way in which this blatant lie was fabricated on the spot, and how accepted it was by the rest of the panel (which included the redoubtable Mr. Perle, warning us of the necessity of the automated US-sponsored Nintendo megadeaths, in various places around the world). |
