Do taxes need to be increased on the rich? (opinions)?

To reduce debt, you have to both increase revenues (taxes) AND cut spending.

Depends on if you are talking assets or income, and gross or net income $250-$450K gross for a small business owner, could mean less than $75K net, after costs. That is not rich

there is a finite number of rich, and they are always changing like the ocean tide....due to stocks, births, deaths, theft, and numerous other reasons

there is no way to place a tax on something that is not sufficient

the best way to 'increase' income is to not spend it

For starters he should go after the movie stars.,all the football and basketball players the people who get paid way to much.But leave the companies alone .They want hire if taxes are raised.

Yes

$1 million and over. make them pay 40% on all income including capital gains and inheritance over $1 million. 50% on anything over $1 billion.

The top 50% pay 96% of the taxes that says it all.

haha finally someone comes up what to do with the rich man turf. maybe its their turn to get man-handled.