progressive hunter
Diamond Member
- Dec 11, 2018
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- #161
that happened long before FDRYes, that is correct. The only deductions will be 25k for individual filings and 50k for joint filings. No exceptions.You think those loopholes won’t be there at 25 percent?First of all it’s a sliding scale secondly with all of the loopholes and deductions he probably pays a lower effective rate than a couple earning 300k jointly.Of course not. That is one of the stupidest tax plans ever envisioned
Drop a billionaire from 37 percent to 25 percent and call it even?
Raise the rate to 25 percent for someone making $20,000 a year and call it fair?
Yea....like that is going to happen
The Golden Rule.......He who has the gold makes the rules
As soon as the wealthy get their 25 percent tax rate, they will demand legislation that starts........If you give us this deduction, it will create jobs
Then why didn't they demand those deductions prior to FDR? Because FDR is who raised taxes so high, that deductions were required to avoid a total destruction of the economy.
By the way, do you know who was first to lobby government, and get deductions?