I see nothing wrong with such a plan. Those making $250,000 or more per year should be taxed more, not less.
I agree with you 100% Goombah, but I can't see the house and senate voting themselves a tax increase. Maybe I'm missing something here.
During Reagan's last years, the top rate was about 28%. By the end of Clinton's term it was back up to 39%. Only Congress can increase or decrease tax rates.
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