Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: gleeaikin

I think Norquist is right about the taxes; that they are at such a point already that boosting RATES further would cause REVENUE to suffer.


10 posted on 11/14/2012 6:22:51 PM PST by HiTech RedNeck (How long before all this "fairness" kills everybody, even the poor it was supposed to help???)
[ Post Reply | Private Reply | To 7 | View Replies ]


To: HiTech RedNeck

I am not sure what you mean about boosting rates further. I remember when the rich paid 90% and then it was dropped to 70%. Under Clinton I believe it was 39.5%, and then Bush cut it to 35%. Now Obama is talking about putting the top 2% back to the Clinton rates, when if I recall correctly, he collected enough revenue to erase the Reagan spending debt. Since he says he does not want to restore the Clinton rates on 98% of taxpayers I am not too worried. He also pointed out that the first $250,000 of income would be at the Bush rate, and only income above that rate would go back to 39.5% I do wish this would be settled quickly so our business people can have a good Christmas shopping season, with lots more Christmas jobs needed.


12 posted on 11/15/2012 11:08:38 PM PST by gleeaikin
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson