SkinsNDeacs
Well-known member
- Joined
- Mar 16, 2011
- Messages
- 12,384
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does anyone know of any websites that allow you to toggle tax rates to see what the full effect would be on the tax receipts and any negative effect it would have on the economy? i always hear people describe such a change as minimal or insignificant and i'd like to just see what kind of numbers we are talking about. i remember there were some applications that would let you work with state tax rates and programs to allow you to try and balance the state budget a year or two ago. something similar for the federal government would be a great time killer and also give you a better idea of the demographics we are working with.
for the record, i think it is an absolute must to fix our tax code to increase revenues from the top 1% or whatever. i know looking at mitt's tax return is anecdotal, but for him to pay such a low tax rate is an absolute failure of our system. i don't blame him for it because he is (presumably) playing by the rules just like we all do in april.
I think we need to restructure and simplify the tax code as well but that was not really what I was talking about. Even if we taxed millionaires at 100% I don't see how that would solve the fairness problem. Would it make the populist happy? Maybe but soon they would realize that taking away money from the rich does not = more opportunity for the poor. When people talk about inequality in our system I would think they are much more concerned about their lack of opportunity not the rich's access to it...at least they should be.