I believe our fearless leaders have been going at this the wrong way. If you really want the return of the middle class to succeed how about trying this on for size?
1. Define the income range of the middle. Let's say we want the majority of Americans to earn between $50,000 to $75,000 per year.
2. Give people an incentive to earn extra money. Let's say after you pay taxes on $50,000 you don't have to pay any additional taxes until you earn more than $75,000.
And that's it folks, instead of stealing half of a persons income when they get a little overtime or an extra commission let them use all the money they've earned and when they exceed the middle class bracket you can penalize them with an increased tax rate and steal back more moneys from them.
1. Define the income range of the middle. Let's say we want the majority of Americans to earn between $50,000 to $75,000 per year.
2. Give people an incentive to earn extra money. Let's say after you pay taxes on $50,000 you don't have to pay any additional taxes until you earn more than $75,000.
And that's it folks, instead of stealing half of a persons income when they get a little overtime or an extra commission let them use all the money they've earned and when they exceed the middle class bracket you can penalize them with an increased tax rate and steal back more moneys from them.
