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re: Make tax code friendlier to stop business inversion? Surely you jest
Posted on 9/8/14 at 11:43 am to Wtodd
Posted on 9/8/14 at 11:43 am to Wtodd
quote:
While I agree with this statement, what other administration tried to fix the corporate tax structure?
Reagan did in 1986. Raised corporate taxes and decreased the tax base.
People complain about the "49%" who don't pay any federal taxes, but that is mostly due to the GOP who were the ones who wanted it that way in the first place.
Also, the GOP was able to successfully shift income to the top 1% rather dramatically in just one year. Their 1986 reform package did a lot to get us to where we are now in that regard when it shifted 5.1% of all U.S. income to the top 1%.
This post was edited on 9/8/14 at 11:46 am
4
Posted on 9/8/14 at 11:45 am to Tiger n Miami AU83
quote:
Reagan did in 1986. Raised corporate taxes and decreased the tax base.
That was actually my point. Reagan also raised the top individual income tax rate too.
Posted on 9/8/14 at 11:53 am to Tiger n Miami AU83
quote:
Reagan did in 1986. Raised corporate taxes and decreased the tax base.
Either ignorant or disingenuous. Which is it?
Posted on 9/8/14 at 11:58 am to Tiger n Miami AU83
quote:False.
Reagan did in 1986. Raised corporate taxes and decreased the tax base.
quote:True. Bush gave a HUGE tax cut to the lower and middle class. Oddly, it's always framed as tax cuts for "the rich". Its an outright lie.
People complain about the "49%" who don't pay any federal taxes, but that is mostly due to the GOP
quote:
Also, the GOP was able to successfully shift income to the top 1% rather dramatically in just one year. Their 1986 reform package did a lot to get us to where we are now in that regard when it shifted 5.1% of all U.S. income to the top 1%.
No.This post was edited on 9/8/14 at 11:59 am
Posted on 9/8/14 at 12:23 pm to Tiger n Miami AU83
quote:How EXACTLY did that work again, tax genius sir?
Also, the GOP was able to successfully shift income to the top 1% rather dramatically in just one year. Their 1986 reform package did a lot to get us to where we are now in that regard when it shifted 5.1% of all U.S. income to the top 1%.
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