House Bill Would Mark the Return of Confiscatory Tax Rates

Comments (5)

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  1. Ken says:

    This is going to make Jimmy Carter’s stagflation look like a picnic.

  2. Tom H. says:

    When are people going to realize that everything Obama has been doing has been bad for the economy.

  3. Joe S. says:

    I don’t believe this even counts the 12.5% Social Security (FICA) tax Obama wants to tack on. Right?

  4. ray says:

    Since when does the tax rate have to go above a certain point before it becomes “confiscatory”?

    Even taking 1% of someone’s money is stealing. You may argue that it’s necessary…and i am open to the argument. But it’s still confiscatory

  5. Bart Ingles says:

    Joe: True, if you’re talking about the proposal to remove the income cap for Social Security tax.