It Would Take A 50% Hike in Income Tax to Fund Our Current Deficit

Mauldin Economics ^ | 10/13/2017 | BY JOHN MAULDIN

[pfony1]

The billionaires you mentioned use TAX SHELTERS to minimize their TAXABLE income.

Therefore, raising the “cap” on Social Security income would be a small potatoes “fix”!

After all, didn’t Warren Buffet “donate” several BILLION dollars to a “charitable foundation” that his family could “manage” in exchange for princely salaries and benefits.

Income Tax Due? No...

Capital Gains Tax Due? No...

Social Security Tax Due? LOL...

[trebb]

Why hike the income tax on those who already pay? Just make the 50% who DNO'T pay income tax to chip in.

And stop giving them "refunds" for money they didn't pay....just that would make a big difference.