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View Diary: Why are Republicans calling for more tax revenue but not higher tax rates? (81 comments)

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  •  I agree with this except for (0+ / 0-)
    ... a Wall St. transaction tax
    It is altogether too easy for the rich to avoid this. The really wealthy could conduct their transactions "off Wall street".

    All the other things you mentioned are good enough to get the job done. Classify dividends, capital gains, and carried interest as ordinary income, put a firm cap on deductions and other tax advantages, and raise individual marginal income tax rates to the 40% level.

    What is really tricky is to get legislators--who are frequently wealthy in their own right--to vote to increase taxes on the wealthy.

    You don't need a weatherman to know which way the wind blows. --Bob Dylan-- -7.25, -6.21

    by Tim DeLaney on Mon Nov 19, 2012 at 01:16:07 PM PST

    [ Parent ]

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