Saturday, December 1, 2012

Q&A: Senators Clinton and Obama claim that they will abolish the tax cuts for the rich?

by Now and Here
Question by Johnny Law III: Senators Clinton and Obama claim that they will abolish the tax cuts for the rich?
What tax cuts? The rich have a 35% income tax rate, plus a 15% capital gains tax. I'm not rich, I make $ 31,000 a year after taxes, I just want to know what these tax cuts are that they're getting. It seems to me that the rich pay the majority of the taxes.


Best answer:
Answer by fsfa10% of the population pays over 90% of all taxes, so you're right.

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