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Top 20% of Income Earners pay 84% of Income Tax
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Can't wait to actually read this entire thread! But I do want to mention one thing I would like corporatists to consider...
Prior to Reagan the rich and big corporations paid a significantly larger tax rate. From Reagan on, we were sold that lower taxes would benefit the rich, and then that money would make its way throughout the economy as the rich started spending that money. Jobs would be created and everyone would win. What we have seen is the opposite for the last 30 years. Taxes have continuously lowered and the gap between the rich and the rest of us has increased. The middle class, as someone else mentioned has been slowly dying. So why continue a tax policy that we've implemented since the 80's that is having the opposite effect of what is was sold to do? |
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