General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTaxing the rich might work.
I've been guessing all the rich people are against "paying their fair share." I'm sure some are but some aren't.
https://www.forbes.com/sites/cartercoudriet/2019/10/15/billionaires-more-taxes-gates-buffett-bloomberg/?sh=68e31a487792
https://www.lovemoney.com/gallerylist/82580/the-millionaires-and-billionaires-who-want-to-pay-more-tax
Hoyt
(54,770 posts)above current tax rates, 20 points, 30 points, or whatever it takes?
Id like to see a long-term tax plan that would pay for healthcare, childcare, education, and all the other things we need.
While no tax increase will impact me at my age and income, I think it would help if we had a long term plan. If I were a high earner, Id probably pucker too at the thought of tax increase piled upon previous year tax increases.
GregariousGroundhog
(7,526 posts)I suspect most of the stock assets held by the middle class are advantaged accounts (such as 401k or IRA accounts). Additionally, a significant amount of compensation for upper management comes in the form of stock grants and growth from that stock.
After taxing capital gains as normal income, setting a tax floor may be another advantageous idea. Creating a rule that rebates and deductions can lower tax burden by no more than 50% seems like a reasonable threshold.
Hoyt
(54,770 posts)lastlib
(23,288 posts)Progressive Jones
(6,011 posts)Keep it small. That way the small investor doesn't get hurt, and high volume trading picks up the slack.