George10 Wrote:
Dec 13, 2012 9:03 AM
I think Ann is on to something here. Institute a "wealth tax" to catch those who push for higher taxes on ordinary income but escape by having all, or almost all, of their income from capital gains. And, yes, end the deduction for state and local taxes paid. If states want to tax the pants off their residents, let them pay for it. BTW: First, show me the spending cuts. Make that REAL spending cuts, not cuts in the rate of growth. They must take effect concurrently with any new tax increase, not a promise of spending cuts in 2-5 years (when they'll be quietly forgotten).