If you earn via salary $10,000,000…then sure, you should get taxed at a higher/highest rate. But if much of your income is passive, ie: investments, why should someone of extreme wealth, who already paid a high tax on their initial income, be again taxed at a higher rate for investments such as bonds, safe stocks with high dividends, etc? Also, wouldn’t raising the tax limit on long term capital gains kill the incentive to make investments? There is no risk in salary yet there is high risk/uncertaintly in investing. Rightfully, congress recognized that and taxed them accordingly. Reversing this will not be a good thing.
As for being “patriotic” by paying more taxes: I understand what you are trying to convey, however, you are espousing giving more money to the most dysfunctional part of our economy, our government, and giving it more revenue will not solve the problem, but exacerbate it.
No good comes from a congressman who has served for 25 years
CHANGE GOVERNMENT You installment online loan Missouri should want to change the system, not throw dollars at it. Unfortunately, those who create laws are the ones who directly benefit from them: campaign regulations, PACS, lobbyists, etc. Eliminate all enticements of indirect financial gains from public service. Increase their salaries. Increase the terms of representatives from 2 to 4 years (currently they need to start campaigning right after they win an election) and set term limits for them to 3 terms (Senate 2). Eliminate most/all outside influence dollars and put massive restrictions who/what can donate to their campaigns. (Wouldn’t it make sense to restrict all donations to come from only the districts/states they represent?)
The biggest problem we face right now is not higher taxes, its the fact that neither the dems or the republicans care about solving problems
MISCELLANY One final note: how the heck can you live in a part of the country where it’s 100F+ for 2 months straight…and have to be in Dallas Cowboy country? Feh. From MC> In a perfect system we could just change everything to exactly the way we want it. Except that a), we dont have a perfect system b) my view of a perfect system is probably different than yours which is probably different than theirs, etc. So given that we have the system we have, and the reality that change is difficult because we as voters allowed our politicians to become so entrenched and have chosen to enable over the top partisanship , we have to deal with the facts in front of us. One of those facts is that we have clueless politicians that are horribly inefficient at distributing our valuable tax dollars, HOWEVER, the bigger problem is that even if only 50cents on the dollar gets to a destination that helps, if we don’t get it there we could face far bigger economic and social consequences that cost us all far more than more tax dollars. Look what is happening in Europe. Its not impossible for it to happen here. A little give on the part of those who have gained wont change it or cure it, but it just might delay it long enough for us to get lucky and find solutions. In this day and age, higher taxes on anyone are never a solution, but we have to realize that before we get to the solution we have to put ourselves in a position to succeed and right now tax money buys us some time. They care about getting elected. That is what we need tofix more than anything