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Let me start by saying that I am not looking to start a fight by this. I am honestly looking for a well thought out answers as I have been not had the time to fully research both sides to date.
Please explain to me how raising the tax rate on the super-wealthy, mainly on Capital Gains, is unfair and in some way means the rich are paying more than their “fair share” of the tax burden? True, the rich would pay a higher dollar amount (they make more too) but is it really unfair to ask the wealth to pay the same percentage of the income and capital gains to taxes that I pay? Maybe it’s the Capital Gains tax that has so many in an uproar but the mega-wealthy make a large part, if not most, of their income through investments and interest not true work income, thus capital gains needs to be in play. The right-wing talking heads seem to be saying pushing the dollar amount being higher somehow equates to justification of a lower percentage. Can you explain how that’s “fair”?
Also, I would like your feelings on incorporating a Flat Tax policy. It seems to me that if EVERYONE paid lets say 15% on income and capital gains (I am referring to personal taxes not corporate tax per se) and eliminate the variety of loop holes and deductions, MOST people would get a major tax cut and probably wipe out a good share of the debt with little other changes.
Keep in mind, I am VERY far from an expert on these things, so that is why I would like some insight from the more informed readers here.
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