Cut the Deficit

[discocrisco01]

Here's how and extend the tax rate to small business

$250,000 - $500,000 = 35% Tax Rate
$500,000 - $10,000,000 = 40% Tax Rate
$10,000,000 + = 50% Tax Rate

Capital Gains

0-$500,000 = 15%
$500,000-$1,000,000=25%
$1,000,000-$10,000,000 = 30%
$10,000,000 = 50%

Progressive captial gains tax. That means the hedge funds billionaries get to pay 50% of their income to Uncle Sam. I have no problem with excessive wealth made through gaming the market but their is a price. It cost 50 cents for every dollar for ten million to the government.

The progressive captial gains tax is what the big bankers fear and yet, no one in the progressive movement talks about. This idea that we need to discuss more.