Forum Post: even moderates and (true) fiscal conservatives support OWS

i do not hate capitalism. i believe in hard work. but sensible regulations and a mildly progressive tax structure worked in the past; why not now?

60-year-low tax revenues contribute to deficit growth: http://economiccrisis.us/2011/04/60yearlow-tax-revenues-contribute-deficit-growth/

history of top marginal tax rates in the US (the threshold for paying the top rate is higher than it's been since 1964, and the rates themselves are lower than they've been since '91 -- when GHW Bush was forced to raise taxes to fix the budget): http://ntu.org/tax-basics/history-of-federal-individual-1.html

U.S. rates vs rest of world (US came in at number 37): http://www.nationmaster.com/graph/tax_hig_mar_tax_rat_ind_rat-highest-marginal-tax-rate-individual

the avg multi-millionaire/ billionaire pays approx 17% in income taxes: http://www.frumforum.com/how-the-super-rich-scored-on-tax-day

many corporations exploit a variety of loopholes that allow them to pay an effective rate of 0%; and some even "pay" a NEGATIVE rate, allowing them to MAKE MONEY off of refunds on top of their net profits using your tax dollars: http://accounting-financial-tax.com/2011/06/12-big-yet-famous-corporations-pay-no-tax/

Ronald Reagan raised taxes 11 times: http://www.forbes.com/2010/02/02/barack-obama-ronald-reagan-budget-taxes-opinions-contributors-rob-shapiro.html http://money.cnn.com/2010/09/08/news/economy/reagan_years_taxes/index.htm

"The truth of the matter is that federal taxes in the United States are very low. There is no reason to believe that reducing them further will do anything to raise growth or reduce unemployment." - Bruce Bartlett http://economix.blogs.nytimes.com/2011/05/31/are-taxes-in-the-u-s-high-or-low/

*Bruce Bartlett has spent many years in service on the staffs of Representatives RON P@UL and Jack Kemp. He has been executive director of the Joint Economic Committee of Congress, senior policy analyst in the REAGAN White House, and deputy assistant secretary for economic policy at the Treasury Department during the George H.W. Bush administration.

"Warren Buffet On Why U.S. Taxes Are Too Low For The Wealthy" http://www.youtube.com/watch?v=iVOwaMWewGY