…well, so does the democrats. Since the top 50% of income earners pay all the income tax, then why not tax the other 50% that doesn’t? The “rich” has done nothing wrong. Tax loopholes are nothing more than LEGITIMATE tax deductions and credits that we all are entitled to. If you want the tax code changed, the contact/lobby your Congressman to do so. Tell me CPUSA, why should a income bracket pay more than another income bracket? Is that not illegally discriminating against different income groups? We all pay the same in sales tax when we shop (depending on your state), do we not? We all pay the same fuel tax at the pump when we buy our gasoline, do we not? So, if we don’t discriminate on sales tax and gasoline taxes to name a few, then why discriminate because of the income bracket a taxpayer belongs to? Where is the “fairness” and egalitarian philosophy you so pompously spew?
Now, to corporation taxes. the USA is paying the 2nd highest corporate tax rate in the industrialized world. Why should we raise it? How will it help the economy? High tax rates DO AFFECT economic behavior of individuals and corporations. They will move their capital out of the USA to a tax free shelter, hence less capital available for economic expansion.
According to OECD: