— The estimated 45 percent of U.S. households that did not pay income taxes in 2010 would see no change in their tax rates.
— Individuals would pay 10 percent tax on the first $50,000 of income. Couples earning $100,000 would also pay that rate.
— "Everything above that would be taxed at 25 percent," Pawlenty said.
He also wanted to cut business taxes, reducing the current rate from 35 percent to 15%. He also proposes that any services available privately, such as the postal services or mortgages, should not be something government handles. He said he would require a vote in Congress to extend any regulation or he would cancel it. And he said he would eliminate taxes on investments and inheritances.
Answer by meriana at 8:21 AM on Jun. 11, 2011
Answer by Sisteract at 11:10 AM on Jun. 7, 2011
I also agree with you on this one. To be a productive society we all have to do our part and even the poor need to contribute in some way. I mean if there is absolutely NO income, that's a different story but all the credits and 5 thousand dollar refunds for people making barely that much in a year, that's too much. We all need to contribute for our nation to flourish and be productive.
Answer by amazinggrace83 at 11:10 AM on Jun. 7, 2011
Answer by Anonymous at 11:40 AM on Jun. 7, 2011
Answer by Anonymous at 11:05 AM on Jun. 7, 2011
No one should be getting out more than they put into the system. No group should be allowed certain economic protections and advantages that other groups do not share. The groups at both ends of the economic spectrum have enjoyed advantages that are now putting too much of a squeeze and strain on the middle class. Economic policies started during the RR admin and continued for the last 30 years, have destroyed our manufacturing base which in turn has eliminated far too many middle class jobs. Bottom line, the middle can no longer support the ends-
Answer by Sisteract at 11:22 AM on Jun. 7, 2011
Answer by meriana at 11:29 AM on Jun. 7, 2011
Answer by gammie at 12:03 PM on Jun. 7, 2011
Answer by Carpy at 3:53 PM on Jun. 7, 2011
Answer by meriana at 1:36 PM on Jun. 9, 2011
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