Quote:
Originally Posted by crockett
Joe pays 15%
Jack pays 10%
If we are to make things equal across the board.. Should Jack pay 15% & Joe pay 20% by giving them both a 5% increase still causing Joe to pay more and Jack lesser percentage? Is that fair or should they both instead pay 15%?
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You can raise Jack's INCOME TAX to 100% and it won't change what he pays in Capital Gains taxes one tiny bit.
But yes...if you are going to raise INCOME TAX rates then it should be for everyone. Jack already pays a higher percentage of INCOME TAX.
People keep twisting this to include Capital Gains.
And as I pointed out earlier, if you raise capital gains taxes..you raise taxes on the elderly and their retirement plans and also on every American who is invested in the stock market.
How about we cut spending instead? Chop the military in half. We don't need it.