Sunday, September 18, 2011  Obama Millionaire's Tax: President
To Seek New Tax Rate For Wealthy  How can we increase revenue?
We can change the tax code for starters. The pre Reagan system
was much better with multiple tax brackets. Most people never
had to deal with that, only those making more than $125K in
today's dollars. You could change the capital gains tax rates to
reflect the time the security was held i.e. less than 1 day pay
90%, bracket down to 10 years and pay nothing in taxes on that
money. That would stop speculatio­n on a grand scale, yet still
allow for investors to take a chance. We could change the laws
on imports, by taxing companies that import products a "worker
displaceme­nt tax" based on the declared value of the goods, to
bring those prices back in-line with American job rates. This
would make American workers competitiv­e, encourage local
sourcing, cut down on green house gasses, and push the economy
forward.  Changing the tax code encourages reinvestme­nt in the
business, rather tha