re: Bannon reportedly calls for tax of 44 percent on those earning over 5 million a year

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I disagree with it completely but if forced to negotiate to balance the budget I would probably do the same thing.

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Well that has been the left's argument for quite some time. Problem is that if they really want to address the deficit and debt via income taxes, then the only income group that would make a feasible dent is the middle class. That's not a practical solution nor politically doable.

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I don't know why our income tax stops being progressive at such a low number.

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Maybe I'm just poor, but $400+ thousand is not seem low in any sense.