Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at Digg and at Reddit and in Stumbleupon and Delicious
The issue isn’t the tax rates, it’s how you calculate “taxable income”. Dividends are taxed at a lower rate, becasue the corporation has already been taxed on their profits before the dividends are distributed. There is still double-taxation on corporate profits once they are distributed to the shareholders, but taxing dividends at the same rate as other income would be an obscene tax rate. This debate is all smoke and mirrors and there is nobody on the Republican side who is doing much to explain the issues to the public in simple terms.
And somewhere, among that 66+ thousand pages of the tax code, written by special interests for their own benefit, are loopholes. Too many to count, that the money will be put in, to avoid being taxed. And with all the money they think they’re going to raise from say, increasing fees on plane tickets, what’s the alternative if people stop traveling less and they don’t generate the revenue they thought they would? Nothing but a bunch of morons.
So why not simply alter the AMT so that everyone, regardless of income, tax credits, deductions, etc has to pay a minimum percentage even if they would otherwise reduce their tax rate below that percentage. How about using the lowest tax bracket as that percentage?
That would mean everyone would be required to pay 10%. EVERYONE ... even those that currently do not pay any taxes.
No, the Buffet rule, if passed, is Obama’s ATM.