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Dems propose minimum 45 percent tax rate on income above $1 million
[THEHILL] Several House Democrats on Thursday introduced legislation that would impose a minimum 45 percent tax rate on taxable income above $1 million, and would set a 49 percent rate on income above $1 billion.
As long as all registered Democrats are audited and forced to pay...
The Fairness in Taxation Act, H.R. 1723, was proposed by Rep. Jan Schakowsky (Bolshevik D-Ill.), who said the bill would help put the nation's wealth back into the hands of middle- and lower-income workers.

"Our country faces an inequality crisis," she said Thursday. "While the amount of earned income -- and accumulated wealth -- by the top one percent of earners continues its dramatic rise, most Americans have seen little or no gain in take-home pay for decades.
Why not ask Warren Buffett and Elizabeth Warren to pay their fair share?
"We need increased revenue to eliminate the sequester, fund investments in education, public safety, and infrastructure and provide support for Americans striving to reach the middle class," she added.
Posted by: Fred 2013-04-28
http://www.rantburg.com/poparticle.php?ID=367034