DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - U.S. Debt Tops $14.3 Trillion for First Time

**XangadsX** · 04-21-2011, 07:28 PM

The Bush tax cuts need to expire, period, and not just on the top tier. THEN reform the tax codes, simplify them, lowering tax rates, but increasing revenue, as loopholes are closed completely. Increase capital gains taxes. Lower corporate taxes, once the special loopholes are destroyed, so that the advertised rates ARE the effective rates. The time for lying about the real tax rates should finally be ditched.

ok, what percentage of income should the government confiscate to pay off the 14 trillion dolar debt?

Btw 100% of everyone would bring in less then 3 trillion..

04-21-2011, 07:28 PM	#31
XangadsX Join Date Oct 2005 Posts 452 Senior Member	The Bush tax cuts need to expire, period, and not just on the top tier. THEN reform the tax codes, simplify them, lowering tax rates, but increasing revenue, as loopholes are closed completely. Increase capital gains taxes. Lower corporate taxes, once the special loopholes are destroyed, so that the advertised rates ARE the effective rates. The time for lying about the real tax rates should finally be ditched. ok, what percentage of income should the government confiscate to pay off the 14 trillion dolar debt? Btw 100% of everyone would bring in less then 3 trillion..
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