Quote from bone:
Yep. This entire tax rate canard is nonsense - what really matters are the deductions you can find or the loopholes that very expensive lawyers and CPAs can find. Even in the late 50's when the top marginal rate was like 90 % of course absolutely no-one paid even half that after their money people were done.
If the tax rates were so important to the Dems, they could have changed individual and corporate rates to anything they wanted when they had a supermajority - but Rangel in fact created more loopholes for his buddies at GE.
The other nonsense about all this is that the outstanding debt is a factor of four greater than any income you are going to generate with changes in marginal tax rates.
Not speaking to you, but of course there are a few on both sides of the aisle who think the solution is to be found in only cutting spending or only raising taxes. But the former are much more shrill right now.
And of course the 1%'ers are more than merely present, they infest both sides of the aisle.