The article is spot on. We can help reduce the deficit by reforming the tax code according to the guidelines of the Bowles-Simpson plan. By doing this, we will get true compromise that puts us on a real path to recovery. http://bit.ly/IMk4M0
The fact is that on average high-income earners do pay a higher percent of their income in taxes than their secretaries. Estimates from the Tax Policy Center show that those who make more than $1 million do pay a 29% tax rate. http://bit.ly/yyLJDp
However, the tax code definitely helps pick winners and losers. The only way to improve tax fairness is to rebuild the tax code from scratch using a plan like Bowles-Simpson that leaves no sacred cows untouched. Shared sacrifice is the only way we will be able to simplify the tax code, improve fairness, and spur economic growth. http://bit.ly/noTDPF
David_at_Engage_America 7 months, 3 weeks ago
Simpson, Bowles Still Have the Right Idea
The article is spot on. We can help reduce the deficit by reforming the tax code according to the guidelines of the Bowles-Simpson plan. By doing this, we will get true compromise that puts us on a real path to recovery. http://bit.ly/IMk4M0
David_at_Engage_America 8 months, 3 weeks ago
Wealthy Already Pay Enough Tax
The fact is that on average high-income earners do pay a higher percent of their income in taxes than their secretaries. Estimates from the Tax Policy Center show that those who make more than $1 million do pay a 29% tax rate. http://bit.ly/yyLJDp However, the tax code definitely helps pick winners and losers. The only way to improve tax fairness is to rebuild the tax code from scratch using a plan like Bowles-Simpson that leaves no sacred cows untouched. Shared sacrifice is the only way we will be able to simplify the tax code, improve fairness, and spur economic growth. http://bit.ly/noTDPF