OT: US President (US Dom Players only)

[chrispedersen]

Originally Posted by JimMorrison

I honestly don't believe that anyone over 60 is going to be effectual at meeting the challenges of this rapidly changing modern world..

Originally Posted by NTJedi

Any speeches about raising taxes for those of high income have never worked because there's way too many loop holes... so many the wealthy pay multi-certified accountants to find them otherwise the wealthy would just use H&R Block or equivalent.

Top 5% of earners pay 50% of the taxes in the U.S.

Originally Posted by NTJedi

Trickle down failed so miserably, I am quite amazed that anyone with an income below 100k/year actually believes we can continue in this way.

Up until 1904 or so we had no income tax, as such were directly prohibited in the constitution. We seemed to last fairly well without confiscatory tax policies.

Under Obamas tax plan, the top marginal rate including the change to social security goes to about .. 43.1%.

If you add the 16% average local tax burden - and more for those unlucky enough to pay state income taxes... the top marginal tax rate is over 65%.

And in what world is this *fair*? The US govt spends 2 trillion dollars a year - and this is not enough? In what world is adding 1 trillion dollars a year of new government spending a good idea?