Clinton proposes a new 4 percent tax on the wealthy

[applegrove]

Clinton proposes a new 4 percent tax on the wealthy

by Bernie Becker at Politico

http://www.politico.com/story/2016/01/hillary-clinton-tax-wealthy-217583#.m7moiph:wjrH

"SNIP............

Hillary Clinton today proposed a 4 percent surtax on the highest-earning Americans, as she seeks to boost taxes for the wealthiest Americans.

The proposal, which she announced in Iowa, would raise an estimated $150 billion over a decade, a Clinton aide said, and comes after the Democratic front-runner said that she would build on the so-called Buffett Rule that seeks to ensure that the middle class doesn't pay a higher tax rate than top earners.

The surtax would hit those with annual income of more than $5 million, and would affect roughly 0.02 percent of taxpayers.

Clinton is calling the plan a “fair share surcharge.” The Clinton aide cast the approach as a simple way to raise effective tax rates on the wealthiest, who can rely on tax planning and find ways to game the tax system.


Read more: http://www.politico.com/story/2016/01/hillary-clinton-tax-wealthy-217583#ixzz3wzWZTzgK


..............SNIP"

[Wilms]

1. .

[NCjack]

2. 4% -- that stings! Can the wealthy pay 4% income tax in 2018 or later and

survive? /sarcasm

[djean111]

3. Campaign blather. n/t

[pnwmom]

4. I don't know why any reasonable person would object to this surcharge.

But I'm sure the GOP will fight it tooth and nail.

[hobbit709]

5. Make it 40%

[Warpy]

6. It should be confiscatory on the 0.1%

Most of our ancestors fled a European aristocracy. We don't want one here.

[edhopper]

7. 4% on all income

Interest, cap gains, everything!

[gratuitous]

8. I'd call that a good start

It's time that the people and corporations who have profited so much over the last 35 years should start paying more of their fair share to support the system and the working people who have provided them such a welcoming environment. It's past time for the piper and the other working stiffs to get paid.

[lovemydog]

9. I agree.

It's not as much as i would prefer. But it's a good start. It's a lot more than 0.

[elias49]

10. Yeah! "I told them to cut it out"

and Hillary man-slaps the profiteers down!
And saves the human race.

[gratuitous]

11. A-haw! You so funny

Jeez, come up with {yawn} some new material.