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Keyword: nationalizethenyt

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  • NY Times: The Rich Can Afford to Pay More Taxes

    08/23/2011 4:07:31 AM PDT · by Oldeconomybuyer · 52 replies
    New York Times ^ | August 23, 2011 | By BRUCE BARTLETT
    (Bruce Bartlett held senior policy roles in the administrations of Ronald Reagan and George H.W. Bush and served on the staffs of Representatives Jack Kemp and Ron Paul.) ... It is not class warfare to suggest that the richest 1 percent of people in society pay one-third of their income to the federal government, as they did under Ronald Reagan. Keep in mind that dividends were taxable as ordinary income every year of his administration, and in the Tax Reform Act of 1986 he supported taxing capital gains as ordinary income as well. Higher effective tax rates on the rich...