Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Would you be ok if federal taxes were raise over 50 percent? Do you believe this would help our economy?

9 Answers

Relevance
  • Anonymous
    5 years ago

    That's really not necessary. In California, the people agreed to raise taxes a few dollars a person. They got out of the debt that Arnold left them with and are now rolling in money. The government just gave an additional billion to education. And they have the lowest unemployment rate in the country- around 2%. That's what happens when people work together instead of being greedy and selfish.

  • 5 years ago

    No way!

    That will turn tax payers into slaves of the state. In fact Obama's supposed Kenyan father, a communist, believed people should pay 100% to the governnent. He thought common people should just get a place to live and food stamps for work assigned to them by a fascist government. In other words, a slave nation.

    Trump wants to get rid of minimum wage. So people who are entrepreneurs can hire more people but more people can run snall businesses providing lots of jobs.

    The cure is for everyone to boycott corporate busesses and patronize mom and pop owned stores. Spread the wealth around America. BROADEN THE MIDDKE CKASS.

    We need to get rid of the Federal Reserve Bank. Currency at least. Now, 😧 money is debt. That put us in debt. Then we borrow more money to pay back our debt. We pay interest on that money. Woodrow Wilson is to blame. He empowered The Federal Reserve Bank, a private banking institution, which we must dis-empower.

  • ?
    Lv 7
    5 years ago

    No it would hurt it. Raising taxes on people paying taxes is bad but forcing those who earn high incomes to pay taxes is what is needed. Go after wall Street hard and tax the crap out of them they make monies off of nothing but being in the room.

  • 5 years ago

    Probably not. But just building up a bigger and bigger debt won't help our economy either! And of our now $19 trillion in debt, $13 trillion of that came under just the last three REPUBLICAN presidents. You know, the ones who swore they'd balance the budget?

  • How do you think about the answers? You can sign in to vote the answer.
  • 5 years ago

    Depends on whom. Instant wealth confiscation from billionaires would help immensely, if only to control inflation, at an inconvenience to very few people.

  • 5 years ago

    My taxes would then be 100% of what I make. The only recourse would be for me to quit working and go on the dole.

  • Sienna
    Lv 7
    5 years ago

    Why not make them 100%? Think how well the economy will do then.

  • Kathy
    Lv 7
    5 years ago

    No, because people will have less money to spend, so they can't buy as much, which means less orders to the companies that make the stuff.

  • 5 years ago

    IT WOULD BE BAD FOR THE ECONOMY AND THE ODDS ARE GOOD THAT LESS TAX REVENUES WOULD BE COLLECTED

Still have questions? Get your answers by asking now.