So the top 1% do get a tax break along with all the rest? Why is that a bad thing, why do they get punished for being smart and successful, going to college, starting a business?
Top 1% pay nearly half of federal income taxes
There CNBC a very non right wing station, the top 1% of earners pay HALF the entire Federal taxes collected. Just because they worked hard and pay half of everything we use that comes from federal funding we should punish them? The just cause they could afford it argument is bullshit, that's socialism and you know it. It makes no incentive to innovate and build something if you get nearly half of it taken away. How about this, the dems introduced a bill that would now make what you spend on ADVERTISING not deductible anymore. So you affiliate and media buyers and program owners. If they have their way you can't deduct your ad spend, even if you barely profit or break even. Talk about bullshit, oh and now CA wants to tax the mileage spaceX and other rockets travel from california as they tax trains and boats etc....... WTF?