Friday, December 7, 2012

Pay More. Give more. Get more.

The December 7th  New York Times detailed the increased marginal  income tax rates for the wealthiest Americans. I have a modest suggestion. There is  no question in  my  mind that these"folks" (Obama's preferred term) should and can pay more. Instead of threatening to cut the charitable deduction rate, or cap it, how about the Republicans and Democrats agree to increase it as the marginal tax rate goes up for the wealthiest? It helps charities. It's a sop to the rich and though I am  no economist I sense that it would have little bad effect.

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