After watching about ninety minutes of fiscal pit discussions and tax talk yesterday....I have this idea.
We create a 99-percent tax bracket which three-quarters of the country fits into. I know....that gets you a bit excited. It generally means....out of every one hundred dollars you make....you pay $99 on it for taxes.
But here's the thing, we invent 4,555 new tax credits. You get a credit for owing a lawn mower. You get a credit for buying a Lazy-boy recliner. You get a credit for owning a hunting dog. You get a credit for buying beer.
At the end of this mess you end up paying sixteen percent of your income to the federal tax folks.
This 99-percent rate makes the media happy, the Democrats happy, the drunks happy, the poor happy, the anti-capitalists happy, and the Mexican government happy (they are happy most of the time anyway).
Course, after six months, they all kinda wake up and realize that tax credits really screw up their happiness, but for a fleeting period, they were awful happy. And.....they probably spent $66 trillion on butterfly studies, paving the Senate parking lot, free butter for the welfare recipients of America, and new sprinkler heads for the White House lawn during that six month period.
So lets get with the program....99-percent tax brackets for everyone.