Yellen warns....

[RealMoneyIssues]

Agree, the minimum tax rate should be 40% (no deductions), with the maximum at 90% for those making over $1,000,000 from ANY source... there, problem solved

Yellen says rising deficit is unsustainable: 'If I had a magic wand, I would raise taxes'


[/B]

https://www.cnbc.com/2018/10/30/yel...f-i-had-a-magic-wand-i-would-raise-taxes.html

 

[tsptalk]

Yellen says rising deficit is unsustainable: 'If I had a magic wand, I would raise taxes'

"If I had a magic wand, I would raise taxes and cut retirement spending," Yellen told CNBC's Steve Liesman at the Charles Schwab Impact conference in Washington, D.C., who characterized the U.S. debt path as "unsustainable."

Yellen noted this will only get worse as more baby boomers retire and spending on retirement and health care programs grow.

https://www.cnbc.com/2018/10/30/yel...f-i-had-a-magic-wand-i-would-raise-taxes.html