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truthbtold writes:

in response to jodaddy:

Look for yourself.
Effective taxes, taxes actually paid, not “rates” have gone up and down for the top 1%. The chart goes to 2007 but I don’t see any huge trend.

I don't have a problem with increasing taxes a little as the economy improves but it isn't right now.

“He is advocating further reducing the low tax rates we have now.”

Yes, reduce the “rates” and remove loopholes. If done right and as proposed it would be revenue neutral, simplify the tax code and possibly improve economic activity.

Are you against removing loopholes that the upper income uses?

They aren't specific. What loopholes? They want to eliminate estate tax and lower capital gains taxes which will in effect, increase debt. The very rich have converted their "income" to "capital gains". Instead of starting out with a 30*% tax rate, it's 15%. All the rich are doing now is money changing. Playing the stock market. There's no jobs being created by them.

The GOP is and always has been very bad at math. You can't cut 5 trillion in revenue and claim by eliminating "loopholes" that it will be revenue neutral. They're going to eliminate the mortgage tax deduction.

Ryan is an immoral moron.
