|
The way I see it, if you lowered taxes all together, people would spend more, increasing tax revenue in the long run than heavily taxing people to the point where they don't spend as much. If Obama had a lemonade stand, he'd prefer 3 people to buy his lemonade for $10 than 30 people buy his lemonade for $3.
|
Taxes are determined by your income bracket so just increase the taxes for people who can spare the money and decrease it on the people who can't. We aren't talking about taking every penny a rich person makes.
@Shawn, have you ever met a trust fund baby.