"The fundamentals of our economy are strong"

[SniperSB23]

Originally Posted by Antitrust32

How does paying more taxes make you more patriotic? That is the question i want to know!

I also feel that Obama tax plan will most hurt the people trying to create new jobs for us. How will that help the economy?

We are in a huge deficit and need to reduce it. That means taking in more money and spending less. The best way to do that is by rolling back Bush's tax cut to the wealthy which has done nothing but hurt the economy. So paying more taxes helps reduce the deficit and in turn make the American dollar worth more. Isn't helping your country the patriotic thing to do?

Sometimes I wonder if people even understand the tax structure in this country. I can't believe how many times I've read someone say that now they will pay 50 to 60% of their income on taxes. It's a graduated tax system. On the first $250,000 they will get charged the exact same amount of taxes as people making $249,999. It is only the income over $249,999 that will get taxed at a higher rate and it isn't 50 or 60%.