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Bold New Idea: Raise Taxes

5:31 PM, Apr 26, 2013 • By GEOFFREY NORMAN
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As Pete Kasperowicz reports in The Hill, some Democratic lawmakers have found the solution.  Solution to what, you ask.  Well, to unfairness, which is big this week, what with the effort to make internet businesses collect sales taxes and deal with the rules and interpretations of some 9,000 different taxing jurisdictions.  Never mind the cost of compliance and the effect on the economy, this must be done in the name of fairness.

And now, as Kasperowicz writes:

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.

It is called the Fairness in Taxation Act.  


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