If they truly need the $700 billion they say they need, well, here is an easy way they can raise it:
25% of major U.S. corporations currently pay NO federal income tax. Federal corporate tax revenues currently amount to 1.7% of the GDP compared to 5% in the 1950s. If we raise the corporate income tax back to the level of the 1950s, that gives us an extra $500 billion.
Every couple who makes over a million dollars a year and every single taxpayer who makes over $500,000 a year will pay a 10% surcharge tax for five years. (It's the Senator Sanders plan. He's like Colonel Sanders, only he's out to fry the right chickens.) That means the rich will still be paying less income tax than when Carter was president. This will raise a total of $300 billion. - Michael Moore
NVDL: He is right. The rich get richer off the backs of the poor. Are the super-rich going to shift wealth back into their pockets from poor taxpayers in BROAD DAYLIGHT? Worse, will the poor long suffering taxpayers let them?
clipped from www.opednews.com
2. THE RICH MUST PAY FOR THEIR OWN BAILOUT. They may have to live in 5 houses instead of 7. They may have to drive 9 cars instead of 13. The chef for their mini-terriers may have to be reassigned. |
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