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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment