Originally Posted by Jetmeck
I'll pay more in taxes just to FORCE THESE RICH BASTARDS THAT THINK THEY ARE ABOVE IT ALL TO PAY THEIR FAIR SHARE............................................. .............
gET BACK in your hole
Unfortunately, you can't afford it.
I pity your staunch anti-rich stance, because the CBO has shown that even increasing the federal income tax rate to 39.6% doesn't get you much. You see, there just aren't that many rich people with taxable income to make much of a difference.
So you're solution is to raise taxes on the middle-class to the tune of $1T per year, just to pay for Obama's policies? Good luck with that.
You see, there is no solution to create 24% of GDP in federal revenues that would keep the U.S. solvent, and the economy growing at the same time. Obama will add $1T to the federal debt, every year for the next 4 years, and in 2016 (when the U.S. is $20T) union/welfare morons like you, will once again, act like it doesn't matter.
Raising the SS tax rate back up to 6.2%, raising ALL tax rates back to Clinton era levels, and eliminating the mortgage interest deduction, could (maybe) pay for 24% of GDP in government spending. For the average taxpayer, that is an increase of about $5000 yearly in taxes, on top of what they are already paying.