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View Diary: HOW THE GOVERNMENT MEASURES POVERTY (20 comments)

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  •  How about people who make $250,000... (1+ / 0-)
    Recommended by:
    navajo

    ...or $500,000, or a million a year? A graduated income tax with a couple or three additional brackets for upper income people would not impoverish them, but it could help those who ARE impoverished.

    Some people would be better off not reading diaries they comment on, since they already have all the answers.

    by Meteor Blades on Tue Sep 08, 2009 at 10:00:47 AM PDT

    [ Parent ]

    •  ou income tax system is graduated and progressive (0+ / 0-)

      with rates from 10 to 35 percent already. Obama's proposals for tax increases up to 39.6 percent and increasing the capital gains rate up to 20 percent are also acceptable and long overdue.

      But these tax increases will come nowhere near enough to match our spending, and the extra spending Obama is proposing.

      As JIm Cooper (D_TN), one of your fav  5 congressmen has pointed, many Congressman, lib, con, Dem, Rep , use the Department of Defense as a hometown jobs program, on top of the pork barrel spendigng.

      We also subsidize European defense, rich farmers, and there is a fantastic amount of waste,fraud,and abuse in MEdicare.

      But unfortunately, neither party attempts to wrestle with these budgetary issues. It would most likely be neccesary in the future to put the screws on these fuckers and demand a Balanced Budget Amendment.

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