Sort of an inverse AMT. I dig it! Although I think the %50 is still to high. 40% sounds better, and 33% sounds ideal.
“Sort of an inverse AMT. I dig it! Although I think the %50 is still to high. 40% sounds better, and 33% sounds ideal.”
I agree with your numbers also, but I’m not sure we can push that through. Obama has already promised to increase the federal tax rate to 39% and there isn’t a huge outcry.
We have to start somewhere, and I think 50% is a number that will resonate with people. Asking someone to give more than half their income to the government just smacks as fundamentlly unfair. It is an issue that will resonate.