PLYMCO_PILGRIM
Gold Member
- Jul 3, 2009
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The "Buffet Rule" would raise around 5 Billion dollars a year in tax revenue according to all the sources
Obama's Buffett Rule: A minimum tax for millionaires - Apr. 9, 2012
Buffett rule won
Buffett Rule: Doomed Congressional Tax Debate May Tilt 2012 Election
Our annual budget defecits have been over 1 Trillion dollars a year
Rising revenues narrow deficit, but for how long? - BostonHerald.com
So 5 billion is 0.5% of our annual budget defecit, how does this buffet rule help america?
This is a question that assumes people understand basic economics and historical data on taxes. For example, the raise of the capital gains tax has been shown to actually lower the federal captial gain's tax revenues due to the impacts as explained through the laffer curve.
Obama's Buffett Rule: A minimum tax for millionaires - Apr. 9, 2012
Buffett rule won
Buffett Rule: Doomed Congressional Tax Debate May Tilt 2012 Election
Our annual budget defecits have been over 1 Trillion dollars a year
Rising revenues narrow deficit, but for how long? - BostonHerald.com
So 5 billion is 0.5% of our annual budget defecit, how does this buffet rule help america?
This is a question that assumes people understand basic economics and historical data on taxes. For example, the raise of the capital gains tax has been shown to actually lower the federal captial gain's tax revenues due to the impacts as explained through the laffer curve.