Quote:
|
Originally Posted by MrLabGuy
Here is the future of taxes is a Democrat is elected as President in 08.
Representative Rangel is looking to swap the AMT for a new tax targeted exclusively at the highest-income payers. One often-mentioned idea, proposed by Leonard Burman, director of the Urban Institute’s Tax Policy Center, would impose a 4 percent surcharge on unmarried taxpayers making more than $100,000 a year and couples making more than $200,000.
Some of you might think that a $100,000 single income and $200,000 family income equates to being "Rich". Reality is, that definition would depend on where you reside. $100,000 goes a long way in Oklahoma or Arkansas; however, if you live in Manhattan, or the Bay Area you would be a couple hundred grand short of "Rich".
The Democrat's tax plans does not consider the cost of living or the tax implications of each State. California has some of the highest State taxes in the Nation.
|
Never mind that the top 5% of all taxpayers already pays 60% of all income taxes, while only earning 35% of total AGI. Let's heap a little more on.
Link
"The mule is pulling a large load - let's make the load bigger! Surely it can haul it!"
Morons. Let's punish success.
