im a business major... ive taken a couple of economics classes. and maybe you shouldve read deeper into my previous reply "those criticizing Romney are acting like raising taxes on the "rich" is going to save the economy. LOL, those people are the ones that have no clue about the economy".
What youre saying sounds fine.. except they are called the 1% for a reason.. if we assume that only one out of 100 people are that well off it does not COMPUTE for lowering taxes on the middle class and increasing on the top end. Besides the fact that it is UNFAIR.. they are already helping out the government since the more money you make the more taxes you pay.
Lastly.. it seems to me that in your scenario you are using top earners as scapegoats to balance underlying problems i.e min wage, wage inequality, inflation, etc.. and masking it as a social issue, which is a great idea when you have all of these people that only care about themselves and not the bigger picture and/or just might not be very well informed. but its once again not fair.
At the end of the day, like everything else, is going to be opinion based.
Raising taxes on the rich isn't to get the country out of debt. Obviously 1% of our population isn't going to get the country out of debt. What they hope to do is adjust the tax rates so that the middle class isn't paying MORE in taxes than the 1%, which is what happens now. You're dead wrong saying that they help more because they pay more in taxes. Warren Buffet publicly stated that he pays less in taxes than his secretary (his secretary pays a tax rate of 35.8 percent of income, while Buffett pays a rate at 17.4 percent). Mitt Romney earned something like $20m a couple years back and paid 14% in taxes. I promise you these people are not paying more in taxes than the middle class.
Bringing up the fact that Romney's paid less taxes than the average person is such a dumb arguement. You can tell by that, that ya'll are some broke peasants.. It is not the same to take 20% from 50k, than to take 20% from 1Mill + salary. There has to be a different bracket for higher earners, if not as an incentive then for fairness sake. lol let someone try to to take 200k when youre making 1 mill and see how you react. -__________- ,
anyway kudos on foreign policy mr president
Seriously? Using only your numbers, if someone earned $1m and paid 14% in taxes, he/she takes home $860,000. If someone earns $50,000 and pays 20% in taxes, he/she takes home $40,000. Who do you think is hurt more by that?