Usa Thread

[zzzz]

One way to bring in revenue is to raise the tax rate for the high income earners. During the Kennedy and Eisenhower era, the top tax rate for the rich was about 90%. It's about 35% now. Also, legalizing, regulating, and taxing some illegal drugs will bring in revenue, along with decrease in prison population and drug related crimes. (It goes without saying that there has, is, and will be opposition to any change.) About half the prison population in the US are there for drug related offenses, so there is a potential to save tons of money by revising the drug laws.

[TheCorinthian]

One way to bring in revenue is to raise the tax rate for the high income earners. During the Kennedy and Eisenhower era, the top tax rate for the rich was about 90%.

 

Source?

[Bangkoktraveler]

The USA is paranoid over drugs.

 

Even though half of the population wants drugs

and half of that group gets their drugs legally by prescription

whereas the rest get their drugs off the street.

[kamui]

Source?

 

Easy:

 

For tax years 1944 through 1951, the highest marginal tax rate for individuals was 91%, increasing to 92% for 1952 and 1953, and reverting to 91% for tax years 1954 through 1963.^[28]

For the 1964 tax year, the top marginal tax rate for individuals was lowered to 77%, and then to 70% for tax years 1965 through 1981. In 1978 income brackets were adjusted for inflation, so fewer people were taxed at high rates.^[29] The top marginal tax rate was lowered to 50% for tax years 1982 through 1986.^[30] Reagan undid 40% of his 1981 tax cut, in 1983 he hiked gas and payroll taxes, and in 1984 he raised tax revenue by closing loopholes for businesses.^[31] According to historian and domestic policy adviser Bruce Bartlett, Reagan's 12 tax increases over the course of his presidency took back half of the 1981 tax cut.^[32]

^{https://en.wikipedia...e_United_States}

[Flashermac]

This was the tax rate AFTER deductions. Any businessman worth his salt can find plenty of deductions. That's what they hire tax lawyers for.

[Flashermac]

[unit731]

Budget.

More money is going out then coming in.

How does one solve this?

 

Deficit.

The deficit keeps increasing year after year.

How does one solve this?

[Flashermac]

Make Congress work without pay until they balance the budget.

[zzzz]

Budget.

More money is going out then coming in.

How does one solve this?

 

Deficit.

The deficit keeps increasing year after year.

How does one solve this?

 

Close most of the 1000 or so US military bases around the world. US spends 10x more in defense than the rest of the world combined.

[robaus]

Hilary for President 2016

 

http://www.independent.co.uk/news/world/americas/hillary-clinton-steps-down-but-can-she-ever-step-up-8360465.html