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Liberals have "tea party" ideas too!
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Neil B.
Apr 11, 2009, 9:10:52 PM4/11/09
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This is for those who know why US tax policy *doesn't * really help the
little guy. Let's make our own counter protest against anti-progressive
tax policy like the following: Start with capital gains rates being
lower than for earned income: most trading is worthless, only true
capital investment (that goes to the company directly) is worth a tax
break. Make the rates the same for both kinds of income (OK, index to
cover varying value of money.) Then there's the cap on FICA income: take
it off, so the CEOs pay their 7.65% too. Then let's protest welfare for
rich kids: child deductions and credits going up to 100k or so of income
(so singles making 25k subsidize kids of those making 75k etc., and not
just for public education which I'll grant as worthy for all). On top
of the previous basic policy frauds, there's all those loopholes, etc.
little guy. Let's make our own counter protest against anti-progressive
tax policy like the following: Start with capital gains rates being
lower than for earned income: most trading is worthless, only true
capital investment (that goes to the company directly) is worth a tax
break. Make the rates the same for both kinds of income (OK, index to
cover varying value of money.) Then there's the cap on FICA income: take
it off, so the CEOs pay their 7.65% too. Then let's protest welfare for
rich kids: child deductions and credits going up to 100k or so of income
(so singles making 25k subsidize kids of those making 75k etc., and not
just for public education which I'll grant as worthy for all). On top
of the previous basic policy frauds, there's all those loopholes, etc.
Yes, there *is* something (and still) wrong with tax policy! Don't laugh
or ignore the "teabaggers" (smirk), put your own stamp on it!
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