More nonsense. You can’t collect $36T in tax “quickly”. Define “quickly”. The GDP of the entire country is $28T. When the marginal tax rate was high, nobody paid those marginal rates. The lower income classes pay little to no federal income tax. The majority of the federal income taxes are already paid by the upper 10%. Again, you have no concept of the numbers involved. You don’t have to believe what the clowns on The View tell you to believe.
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Originally Posted by jimjamuser
You can make a tax system do ANYTHING that you want or choose. You could make the top tax bracket pay 80% of their income (with no deductibles) if a country wanted to. Then the debt would be paid down quickly. In the 50s the upper tax bracket was around 80%. Then it steadily decreased due to pressure on elected Federal officials. Today the tax system helps the top 10 and 1 %. It hurts the middle and lower classes. But, I guess that is a super SECRET that they don't teach in high schools anymore ( maybe purposefully to keep them ignorant.)
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