Quote:
Originally Posted by vaylorie
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Also.. something that will probably garner disagreement but should be said re: raising the taxes on the highest end....
We already have a very progressive tax structure in which the top 10% of Income earners pay 70%+ of the revenue and bottom 50% (income between $0 and $33K) literally paid less than 3% overall.
Top 1% Income @ $380K+ (38% of total income taxes paid)
2%-5% Income @ $159K - $380K (20% of total income taxes paid)
6%-10% Income @ $113K - $159K (11% of total income taxes paid)
11%-25% Income @ $67K - $113K (16% of total income taxes paid)
26%-50% Income @ $33K - $66K (10% of total income taxes paid)
Bottom 50% Income @ < 3$3K (3% of total income taxes paid)
Again.. how much is enough is an opinion but 1) we already have a very progressive tax structure and 2) our problem is a spending problem and not a income problem.
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income has risen for the 1% far more then the other brackets have in the past 30 years thus they should be paying more
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not progressive enough