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De Omnibus Dubitandum - Lux Veritas

Saturday, April 27, 2013

House Dems Want 45% Taxes on $1M Incomes

26 Apr 2013 205post a comment View Discussion
On Thursday, House Democrats proposed a new bill that would create a minimum 45 percent tax rate on income more than $1 million, and a rate of 49 percent on income more than $1 billion. Rep. Jan Schakowsky (D-IL) is the mastermind behind this notion; she calls it the Fairness in Taxation Act. “Our country faces an inequality crisis,” she said. “While the amount of earned income – and accumulated wealth – by the top one percent of earners continues its dramatic rise, most Americans have seen little or no gain in take-home pay for decades. We need increased revenue to eliminate the sequester.” Other sponsors of the bill include the most liberal members of the Congress: John Conyers (D-MI), Donna Edwards (D-MD), Luis Guttierez (D-IL), Barbara Lee (D-CA), Betty McCollum (D-MN), and John Yarmuth (D-KY)….To Read More….
My Take - This isn't even one of those idiotic prounouncements about paying their fair share.  At some point one of these idiots.  who have clearly earned the right to belong to the Club For The Galacticly Stupid, must have finally read the facts and found out that the "rich" are already paying most of the taxes and the bottom 47% are paying no federal income tax.   At least this is an outright honest bid at communism.  Not equal opportunity, but equal outcomes.  Well.....they didn't finish reading the rest of the story.  Ever effort to create such an insane system has failed leading to dystopia because humans are built that way.  Dumb as dirt!  Perfect Club members!

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