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Originally Posted by Redux
The best way to fund any revenue shortfalls, IMO, would be to extend the surcharge on the top taxpayers....from the top 1/2 of one percent to the top 2%....leaving 98% of taxpayers not impacted by the costs.
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But why penalize the people who already pay the majority of taxes. Why not let the portion that pays the least pick up some of the slack?
November 20, 2009
Progressive Taxation is punishing success
Scott Strzelczyk
Quote:
According to the National Taxpayers Union, the top 1% of federal income tax filers paid 36.89% and 40.42% of all federal income taxes in 2004 and 2007, respectively. That equates to a 9.6% increase in the percentage of taxes paid over the four year period.
Total tax collected increased by 44% from 2004 to 2007; however the top1% actual taxes paid increased by 54% in the same period. The top 25% paid nearly 87% of all federal income taxes in 2007, while the bottom 50% paid 2.89%.
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http://www.americanthinker.com/blog/...is_punish.html