With a Repub President and Congress for 6 full years-it still headed out of the country.
In my argument I am pointing out the percentage of "total taxation" that hits an American family.
The 15% to 38% that you speak of -is for Federal Income Tax only-not for state, SS, Medicare, sales tax for food, drugs, cars, household items everyday living expenses.......how can you not see how much more of a percentage of income goes for taxes compared to someone in the wealthier bracket....and morally.... when a family of four pays all the payroll taxes, property taxes and everyday living taxes for services and products they need to survive there is no comparison in who is better off, who still has little worry about eating, drug and medical care, home prices, rent prices etc....the upper class may have worries but not about common everyday living expenses.
Speaking of brackets and since this is an Elvis forum-Elvis himself had no qualms about paying his taxes-it is common knowledge he had the IRS help figure his taxes and said many times he had been blessed with so much that he wanted to pay whatever he owed.
The COl said when Elvis went into the service that he felt it was his patriotic duty to keep Elvis in the 90% tax bracket while he was serving his country.
For years there was a 90% bracket and people were not running out of the country to invest, nor putting their income in hidden tax shelters in droves......patriotism seems to have more of a meaning back then.
Now 90% is way to high for any taxation-50% is also too much. The rate under Clinton seemed to be fair for top wage earners it did not kill jobs as was "predicted by Repubs in 92" nor did raising the minimum wage during his terms ......jobs increased, income for all went up, deficit went down to nothing we started to pay down the National Debt.
PBS and its $400 million really bothers you guys doesnt it ITs funny yo call their toys, educational tools, videos "junk" not to children nor to the parents that buy them. Lets get down to the real truth about the the right hating PBS-it has become a poster child for the movement...it is a rallying point-a symbol:
"Boy if we could stop funding of PBS all else will fall into place"
Reagan bailed out Chrysler-if you let industries like our auto industry fail without some effort hundreds of thousand of jobs are gone(directly from the plants and indirectly from the ripple effect down the line) Reagan and his fellow Repubs knew this in the 80s and acted....as did Obama in 2009