This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.

More progressive long term capital gains tax 35% for 39.6% tax bracket and 24.5% for 25 - 35% tax brackets.

Created by J.B. on April 16, 2013

The last 30 years of deregulation and lower tax rates is tearing at the fabric of the United States. Taxes by historical standards are low, especially for the fortunate among us. The top 1% paid slightly more than 20% of all taxes in 2010 about the same as the share of income they took home, an outcome that is not progressive at all. This injustice has tipped the scales of corporate compensation in favor of equity and carried interest for top executives causing extreme short term-ism dramatic swings in equity markets.
Many of the wealthiest have enjoyed effective tax rates lower than 15%. Some recent budget proposals are trying to set a minimum rate of 28%, this does not go far enough. It is time to balance the books by making the rich pay their fair share not hurting the poor.

Budget & Taxes
Return to top