Quote:
Originally Posted by buckman
CBS fact check from last nights speach.
Fact or Fiction Number 5 - The Rich, Their Secretaries and Taxes
Treasury Secretary Geithner yesterday declined to answer a key question about the president's proposed "Buffett Rule": How many millionaires and billionaires pay lower tax rates than middle-income families?
The answer: not that many.
End of debate.
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How about
:
1. leave the capital gains tax rate as is.
2. The carried interest, which romney (and hedge fund managers etc) gets as a slice of Bain et al.'s profits from what I understand, goes to normal income rates
3. Set some floor for closing loopholes. If you make 7 figures a year, do you really need the child or mortgage intereste deductions?
4. Continue to close more corperate loop holes.
Of course we are all out to pay the least we can all pay, but there HAS to be a structure that doesn't decimate the lower and middle class that isn't 'class warefare'....