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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (379118)4/18/2008 5:17:27 PM
From: michael97123  Read Replies (4) of 1577988
 
how about heavily enough? Cap gains are 15%. Counterproductive to raise them above 20% Death tax needs to continue to be indexed. I am for the death tax. Indy rates should be kept low but a point or two adjustment on the top doesnt end the world.
Corp taxes should be lower but exemptions and exclusions need to be eliminated. VAT or national sales maybe should be used to relieve part of income tax burden..
just some ideas but crux of my belief is less tax and spend and less borrow and spend and if you cant cut spending enough to get close to balance in next presidents FIRST term, you have to consdider raising taxes. For a couple of year we should leave current rates as is and seek to mitigate amt and raise deductions for self and family.
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