When there is an income tax, the just man will pay more and the unjust less on the same amount of income.
When there is an income tax, the just man will pay more and the unjust less on the same amount of income.
In order to deal with all the medical cost demands and other challenges in the U.S., as we look to raise that revenue, the rich will have to pay slightly more. That’s quite clear.
If people want capital gains taxed more like the highest rate on income, that’s a good discussion. Maybe that’s the way to help close the deficit.
The 55% of American households that make less than $40,000 will get a tax break of only $7 while the households that make more than $1 million will receive an average tax break of $32,000.
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