How much should taxes be raised in an Obama presidency?

Discussion in 'Politics' started by Wyldgusechaz, Oct 31, 2008.

  1. Wyldgusechaz

    Wyldgusechaz New Member

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    The top 50% earners now pay 97% of taxes. I have documented that stat.

    What's a good number for BO to shoot for in terms of a higher marginal tax rate, and what should be the bottom number for reaching that threshold?

    Right now the MTR for the highest earners is 35%( I think), that means every dollar over the set threshold gets taxed at 35%.
     
  2. Jovial

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    I imagine someone has attempted to figure out what the optimal rates are. We'd have to define what optimal means. I guess we'd want to give people an incentive to work more/harder to earn more, so if the rate is too high, people will not want to work more. The idea would be to maximize the productivity of the population but giving people incentives to earn more.
     
  3. TurkeyWithaSunburn

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    Top tax rate in 1944 when a war was going on was uhm let's see 94%.

    Now we have 2 wars going on and it's lower...
     
  4. curious n str8

    curious n str8 New Member

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    In other words no new tax hikes.:fest30:
     
  5. SpeedoMike

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    Living on what Social Security Disability provides, I find it difficult to believe families making $100k - $250K are financially disadvantaged, e.g. living in "poverty".
     
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