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In reply to the discussion: Yo Hillary: I have a plan for you that will guarantee your address from 2016-2024. [View all]BainsBane
(57,768 posts)and now you are insulting me. Why don't you try reading it? I said the wealthy pay historically low taxes but so do you and I. If you want a 25-50 percent tax cut, you need to be prepared to see that level of services, including Social Security, cut.
It's easy to say raise the taxes on the rich. The question is what the precise numbers are and how they add up. I first misread your OP and thought you said raise the corporate tax by 1 percent. You said raise the taxes on the 1 percent.
That basic idea was part of both of Obama's campaigns, but he was unable to get it through congress. It's not exactly new. Though the idea of slashing middle-class taxes by 25-50 percent has never been proposed, even by Paul Ryan, because it would bankrupt the treasury. You don't have the first idea of how the numbers add up, and claiming anyone paying attention to basic math is getting information from the "Bushes" is just plain nasty.
What else is mistaken is your emphasis on the corporate tax rate itself rather than mechanisms by which the extremely wealthy (not the 1 percent, whose income begins somewhere around $440k) evade taxes through provisions in the tax code and stash their money abroad. The marginal corporate tax rate is actually higher than in many countries but the effective rate is lower. Raising the rate alone does nothing about compliance and loopholes, nor does it address personal wealth, particularly the trillions stashed offshore.
You haven't done even a bit of homework to figure out how the numbers will work, and now you accuse me of getting information from "The Bushes" and throw in Hillary like it's the same thing? You have a lot of fucking nerve. Especially when you propose what you think it a grand revelation and has in fact been part of the last two Democratic presidential campaigns, though not with the deep cuts you suggest.
You insult me and a Democratic candidate, and then expect me to do the homework you couldn't bother to do for your OP? I'm not your servant. Tend to your own mess.