McCain and Taxes.

[hardheadjarhead]

An interesting article on John McCain's chief economic advisor. He says McCain will raise taxes:

http://www.time-blog.com/swampland/2008/09/the_mccain_tax_increasescontin.html

It isn't particularly sparing of Obama, either.

The question really boils down to WHO will they raise the taxes on?


Regards,

Steve

 

[Empty Hands]

TANSTAAFL. If taxes are not raised eventually and the books not balanced, every one of us gets the hidden tax of inflation and currency devaluation.

 

[Bob Hubbard]

I say, eliminate taxes for everyone making under $12k
add 10% for each 10k over 12k, max it out at 90%.
This way everyone makes $12k.
Simple.

 

[arnisador]

Ah, 90%--we used to have that (or not far off)! Wasn't it Ronal Reagan who reversed that on the grounds it kills the incentive to create new businesses if you're taxed to this extent?