most people who make more than 250k a year are aware of tax code credits and subsidies and reductions that overall can drop there taxable income to very little Not exactly true Samwell, I believe you are talking about the mega earners. I doubt very much that individuals earning that amount of income get subsidies, there may be some isolated cases but by and large this is not true. Obviously the bigger the business, the more the write offs a company will have, it would become impossible for a business to stay solvent if we were taxed on our gross receipts.
how many tax returns have you filled out?
raises taxes on the 1% of this country will generate billions of dollars for schools, infrastructure projects and whatever else the gov needs paying off, ike the deficit, although i think congress should arest any military spending till our deficit is in control and our economy stable And the other side of the isle believes raising marginal rates will slow the economy down even further, even bill Clinton agrees!
both there plans kinda suck, one is super trickle down economics, and the other is a 20 sided die . . hardy boys style economics
we need a real ball buster, bring the jobs back to america stop companies from doing business overseas and getting a handout for it, make then become for fiscally responsibly to there employess and the country they claim to support
Am I missing something here?
