A few questions for lurking DUmp idiots.
Whenever there is discussion of the nearly 50% in this country that pay no federal income tax you always brush it off by talking about all the other taxes they pay,sales,property,SS etc.
Why is it then when the conversation rolls around to how the "wealthy" should be taxed at 50-70% this is forgotten?
I am probably in what would be considered lower middle class and all taxes combined am in the 50% range so a person earning enough to trigger your magical progressive income tax bracket would be moved to a 75-95% total tax burden.
Meanwhile all you mutts do is talk about how you should not have to work for a living thus putting you at best into a 0-25% tax burden area.
I know my numbers are rough estimates but bet are not far off.
Given that capital is very mobile (look up British tax exiles) do you actually think that is going to work?
Are you really that ****ing stupid?
On edit will save you the trouble of looking.
http://ultimateclassicrock.com/rock-bands-taxes/Notice how many of those are oh so generous with others money too.