Originally Posted by Swanman
I can take a stab at it. I would advocate a tax structure similar to the one under Clinton. However, I would raise the floor on the top tax bracket. The idea that someone making $250,000 should be in the same marginal bracket as someone making $10 million a year doesn't make sense to me. It wouldn't be a huge difference in tax rates, maybe a top rate of 35% for those making between 250k and $2 million, then bump it to 38% for anything above $2 million. I am just spitballing, but that, in my mind, would be more "fair".
I would also couple those tax changes with sensible spending decreases, and you get the budget balance under control. You get a surplus going in the country (yes I know, a pipedream), then you can ratchet back the tax rates a little bit.
what ever it is, make sure Biden pays as much tax as I do. I know that clown makes more than I do, but it seems he is benefitting from the "rich guys" loop holes as well.
Taxes he paid last year are less than I paid.