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<blockquote data-quote="vantexan" data-source="post: 1034127" data-attributes="member: 24302"><p>You'd be more extreme than what the Republicans are proposing. A 10% flat tax that bumps up to 25% on income above, if I remember right, $100k. You don't pay 33% on all your income by the way, just above a certain amount. And there are plenty of retirees who pay only capital gains rates as opposed to regular income tax because their income beyond Social Security is just dividends on stock they own. Not talking millionaires here. But what you aren't seeing is the government is wanting to jack rates way up beyond a certain amount of income. France is right now instituting a I believe 85%, might be 80%, top rate. They are literally saying you can only make so much, we'll take most of the rest. If we go that route most of those pre-bush tax cut millionaires wouldn't have gotten that wealthy. By the way, the explosive growth we had in the 90's were a combination of the dot.com boom and Republican policies. And let's be clear here, I'm a mid-range FedEx courier. I'm anything but wealthy. There are people on this forum who do much better than I. But you don't need to be wealthy to know you won't have a healthy middle class if you stifle upward mobility. This is the politics of envy.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1034127, member: 24302"] You'd be more extreme than what the Republicans are proposing. A 10% flat tax that bumps up to 25% on income above, if I remember right, $100k. You don't pay 33% on all your income by the way, just above a certain amount. And there are plenty of retirees who pay only capital gains rates as opposed to regular income tax because their income beyond Social Security is just dividends on stock they own. Not talking millionaires here. But what you aren't seeing is the government is wanting to jack rates way up beyond a certain amount of income. France is right now instituting a I believe 85%, might be 80%, top rate. They are literally saying you can only make so much, we'll take most of the rest. If we go that route most of those pre-bush tax cut millionaires wouldn't have gotten that wealthy. By the way, the explosive growth we had in the 90's were a combination of the dot.com boom and Republican policies. And let's be clear here, I'm a mid-range FedEx courier. I'm anything but wealthy. There are people on this forum who do much better than I. But you don't need to be wealthy to know you won't have a healthy middle class if you stifle upward mobility. This is the politics of envy. [/QUOTE]
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