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View Diary: Romney campaign says it's time for you people to 'dig deep' (104 comments)

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  •  old age (4+ / 0-)

    Corporations used to pay 52% on their income--capital gains tax (after 2 years of ownership) used to at least double the 15% rate, top bracket individual rate was 91%--with less deductions--yet the country became the world's most prosperous nation.  I liked Ike, let's bring back the tax rates he he used to balance budgets.

    Apres Bush, le deluge.

    by melvynny on Mon Sep 24, 2012 at 11:18:07 AM PDT

    •  Agree - No Wonder Our Country Has Budget (1+ / 0-)
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      deficits up the wazoo. 14% is WAY TOO LOW a tax rate for the wealthy to be paying. All income tax rates, capital gains and dividend rates, and estate tax rates/exemption amounts should be set to the level they were during President Clinton't term in office. In addition, all loopholes for the wealthy (i.e. the hedge fund carried interest tax dodge) should be closed, corporate tax loopholes should be eliminated, and a financial transaction tax should be imposed to prevent speculation in the financial markets.  

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