Quote:
Originally Posted by Minte
I remember the deductions that were available back then. We could deduct everything even remotely business related. 90% rate was not even close to that. If you made $200k, 20 years ago you kept more of it then than you do today.
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Discussing a 'rate' change when almost nobody pays the listed rates is beyond retarded. We ought to be making sure the rates are actually applied first, then figure out our revenue and expenditures... and adjust rates accordingly.
Doing it this way is like saying 'I will make a website and charge X per join' before you have any idea what the website will be, what the expenses will be or what the conversion ratios will be like. It's nonsense. We could charge 162% of income for the highest bracket, and Romney would still pay 13-15%.
We do not need a tax rate change. We need structural tax reform.
