The Obama Administration has been adamant about raising tax revenue by raising marginal rates rather than by closing loopholes and capping deductions, even though the latter solution would raise as much revenue as the former. Why all the insistence on rates? Loopholes in the tax code have historically been used to manage behavior, as well [...]
Tag: "tax rates"
MSM, OWS, Obama Administration The OWS gang and President Barack Obama want the “rich” to pay their fair share of taxes. With that “fair share” statement in mind, let’s (again) look at income taxes and who pays them. Why again? Because the MSM covers the OWS and Obama administration and promotes the “fair share” message. [...]