Originally Posted by brewmenn
No, what he said was that his secretary was paying a high tax rate, which is entirely possible because most of his income comes from investments, which is taxed at a lower rate while his secretary has to actually work for her money, which is taxed at a higher rate.
No single stroke of a pen will eliminate the trillions of dollars of debt. So by your logic we should do nothing? Every “little bit that won’t matter” has turned into a big stinking mess.
You are correct in saying that his secretary pays her taxes(income) which is higher than investment taxes. 15% for investment and 30% for income.
Taxes peoples investment income will not lower the debt, but to reduce government spending will.
You do have to admit that our elected officials spending is out of control.