francoHFW
Diamond Member
- Thread starter
- #81
True. Reagan wasn't himself a new bs GOPer. But his followers have been...They used to be, before this Reaganist bs. Your brain doesn't work very well, does it?So what your saying is Obama is an incompetent progressive ? I'm curious as to what someone like yourself calls a fair share. The US already has one of the highest corporate tax rate in the world.Obama hasn't been able to get the rich and giant corps to pay their fair share duh. When Reagan cut their taxes, state and local taxes on the middle class and poor rose to make up. Count ALL taxes and fees and EVERYONE is paying 20-30%, and almost all wealth goes to the richest. Great job, dupes.
"So what your saying is Obama is an incompetent progressive ? I'm curious as to what someone like yourself calls a fair share. The US already has one of the highest corporate tax rate in the world."
Is that why corporations (which include the rich and wealthy) only pay 12% of the total collected by the IRS?
Is that why corporations (which include the rich and wealthy) only pay 12% of the total collected by the IRS?
You've discovered that corporate taxes aren't a very good way to collect revenue.
The historic Tax Reform Act of 1986, though it achieved the supply side goal of lowering individual income tax rates, was a startlingly progressive reform. The plan imposed the largest corporate tax increase in history--an act utterly unimaginable for any conservative to support today. Just two years after declaring, "there is no justification" for taxing corporate income, Reagan raised corporate taxes by $120 billion over five years and closed corporate tax loopholes worth about $300 billion over that same period. In addition to broadening the tax base, the plan increased standard deductions and personal exemptions to the point that no family with an income below the poverty line would have to pay federal income tax.
"Reagan's Liberal Legacy" by Joshua Green