let all of the tax cuts excpire

[RIJIMMY]

moshulu, you believe the Feds should tax up to 50 percent??? and then add on state tax!
So wealthy people work for 40 percent of the money they earn? Thats insane. 40 cents on every dollar? makes me puke in this country.

How about an alternate plan
Tomorrow:
Eliminate the National Foundation for the Arts - if art cant make $ on its own, not the govt problem
Cut foreign aid across the board by 30%. Period
Institute 401ks for ALL federal employees, give them a 10% match, close the pensions
Thats a start. Get er done!

[mosholu]

I just threw that number out there as an example I do not care really where you set it as long as the incremental rate increases at levels above 250.
I think there is a lot of cutting that should be done as well but the main thing we need to do is simplify the tax code by going to a flat or three tier tax structure with no deductions.

[scottw]

Originally Posted by mosholu

I just threw that number out there as an example I do not care really where you set it as long as the incremental rate increases at levels above 250.

50 percent tax on all income(earned and investment) above $ 267,492.87 while you are alive(this is REAL compromise..half for you...half for me) and 100 percent on all assets at the time of death, once you are dead you no longer need whatever you've accumulated and since the government prints the money it IS actually THEIRS and the government is better suited to decided what should happen to it...you probably gained it illegally or at someone elses's expense anyway, particularly if you are "rich"

[The Dad Fisherman]

Originally Posted by RIJIMMY

Institute 401ks for ALL federal employees, give them a 10% match, close the pensions
Thats a start. Get er done!

Just as an FYI, they have already done that. Only those government workers Grandfathered in will get pensions. New employees for the government go into a 401k style plan.

not sure of the match....don't think its as high as 10% though.

[RIJIMMY]

Originally Posted by The Dad Fisherman

Just as an FYI, they have already done that. Only those government workers Grandfathered in will get pensions. New employees for the government go into a 401k style plan.

not sure of the match....don't think its as high as 10% though.

does that include congress?