Well, yeah. I knew that.
Is anyone surprised by this? Yet discussion of increasing tax revenues from the wealthy and corporations is off the table, no compromise, according to the teaparty Republicans. If Corporations And The Rich Paid Taxes At The Same Level As The 1960s, The Debt Would Disappear … [Institute for Policy Studies’ (IPS) Sam] Pizzigati cites an IPS paper from last spring to make the argument that if corporations and households making more than $1 millio … Read More
3 thoughts on “Policy failures of the GOP: the debt could disappear if the rich paid taxes at 1960s levels (via Under the Mountain Bunker)”
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The debt could also disappear if we got rid of this income tax system and replaced it with a sales tax. That way EVERY person in this country is paying their taxes, not just the 48 or 49% of Americans who currently pay a net tax.
Every worker pays payroll taxes. If you roll state, county and city fees into the mix, the lower class is hardly exempt from a very high tax load. James Pilant
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