Maybe a good idea? After all, it matters not what the nominal rate is, what matters is effective rate.
Democrats Like a Romney Idea to Cap Tax Deductions - NYTimes.com
Quote:
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The cap — never fully detailed by Mr. Romney — is similar to a longstanding proposal by Mr. Obama to limit income tax deductions to 28 percent, even for affluent households that pay a 35 percent rate. But a firm cap of around $35,000 would hit the affluent even harder than Mr. Obama’s proposal, which has previously gotten nowhere in Congress.
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No mention of cap gains in anything I've read so far. That's the one, 15% on investments, that allows those with money to invest to pay such low rates on income, like Rmoney. Guessing a good many politicians are also enjoying that rate? Let it reset to 30%.