Post Tagged with: "marginal tax rates"

August 23, 2012 08:50

Another Recession Is Imminent

In the middle of this fiscal disaster, the government has no budget. That’s right .. The [Democrat] Senate failed to produce a budget for the third year in a row.

July 18, 2011 06:09

Get Ready for a 70% Marginal Tax Rate

To cover the Congressional Budget Office projection of Mr. Obama’s $841 billion deficit in 2016 requires a 31.7% increase in all income tax rates (and that’s assuming the Social Security income cap is removed). This raises the top rate to 52.2% and brings the total combined marginal tax rate to 68.8%. Government, in short, would take over two-thirds of any incremental earnings. – WSJ

December 8, 2010 08:17

How attacks on the ‘wealthy’ will hurt the middle class and the poor

This parable explains how our ‘progressive’ income tax system works. See how it applies to our tax debate.

December 1, 2010 09:58

Why Spending Must be Cut

We cannot tax our way out of our current problem. WE MUST CUT GOVERNMENT SPENDING NOW AND DRASTICALLY!

October 8, 2010 07:06

Some Tax Cuts Soup Up Economy, Just Not Those President Prefers

Keeping the pro-growth cuts (or indeed doubling down on them) should be part of any effort to get the economy moving. But whether to keep the other cuts is a political decision, not an economic one.

October 6, 2010 05:46

Obama’s real tax agenda – its not your money

Taken from what is soon to be a bestseller, The Roots of Obama’s Rage, Dinesh D’Souza believes that Obama’s redistributive mindset must be viewed in the context of Barack’s dad’s anti-colonialist crusades. Obama Sr., after all, was an advocate of tax rates up to 100 percent if it meant divesting power from “the rich.”

July 29, 2010 07:43

Growing level of debt increases risk of financial crisis says CBO

“A growing level of federal debt would also increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government’s ability to manage its budget, and the government would thereby lose its ability to borrow at affordable rates. It is possible that interest rates would rise gradually as investors’ confidence declined, giving legislators advance warning of the worsening situation and sufficient time to make policy choices that could avert a crisis. But as other countries’ experiences show, it is also possible that investors would lose confidence abruptly and interest rates on government debt would rise sharply.” CBO