Re: Obama XIII: It's all Bush's fault.
So why not just have a Flat Tax where there are no deductions? Sounds like you'd support that.
Valid...but it doesn't change the point. For the top 5% and an income of $611k, fully 72% of income is at a 33% or 35% bracket. That will put the real 18% tax paid a far cry from the tax that was origiinally levied whether its 34% or 30%....the rich are still saving tons off their taxes.
So why not just have a Flat Tax where there are no deductions? Sounds like you'd support that.