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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (830968)1/19/2015 2:59:48 PM
From: zax  Read Replies (1) of 1575994
 
>> Just explain how it is you think higher taxes are going to improve the lot of the ordinary American?

I'm sorry you aren't aware what a progressive tax is.

Perhaps Wikipedia can help relieve you of your ignorance:

en.wikipedia.org

Higher marginal tax rates for high earners can lower taxes on the middle class.

House Democrats are proposing tax relief for those making less than $200K/year along with other provisions, all of which would be funded with transaction fees paid by Wall Street and by closing tax loopholes for the 1%. The package is about a third of the size of tax cuts passed under GW.

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