re: #392 Rightwingconspirator

Okay those of you who advocate higher income taxes-I’ll presume you all want the Bush tax cuts removed.
What about the Reagan income tax cut?
How many want the Kennedy income tax cut removed, go back to that late 50’s level of personal income taxation?

Would anyone agree the 50’s level would do more harm than good?

I’ll agree to that.

At the moment I want to see the creation of a new tax bracket for people making more than a 10 million dollars and tax it at a 42% rate.

Lets do that and see how revenues react before we worry about doing anything else. (Though of course before we do that we should focus on closing all obvious tax loopholes)