fairsheet
Senator
-this one might work just as well for Medicare.
#1 - We need to eliminate the "cap". The tax must apply to all earned income.
#2 - We should extend the tax to capital gains. Unless we do that, we'll be disappointed at the extent to which the rich can shift their exposure. And..my #3 won't work.
#3 - Having accomplished #1 and #2, we should reduce the rate significantly. IF we do #1 and #2, this should be easy. In doing so, we'll provide a significant and "permanent" taxcut for not just paycheck earners, but paycheck payers. And, we'll make this rather radical change, more palatable to those who're newly exposed.
#1 - We need to eliminate the "cap". The tax must apply to all earned income.
#2 - We should extend the tax to capital gains. Unless we do that, we'll be disappointed at the extent to which the rich can shift their exposure. And..my #3 won't work.
#3 - Having accomplished #1 and #2, we should reduce the rate significantly. IF we do #1 and #2, this should be easy. In doing so, we'll provide a significant and "permanent" taxcut for not just paycheck earners, but paycheck payers. And, we'll make this rather radical change, more palatable to those who're newly exposed.