I find it hard to believe that they will only tax higher paid workers. I think they will tax all of us.
It will first be on higher earners but as this monstrosity explodes in costs the tempatation is to lower the threshold until there is none.
That's how it will start.
I think they will tax all of us.
I don't think you will have to wait long.
“I find it hard to believe that they will only tax higher paid workers. I think they will tax all of us.”
Of course they will.
Don’t forget — the income tax was introduced to tax people with incomes higher than $1 Million, back when that was a lot of money and even then they only had to pay 1%. Look at us now...
Those who fail to learn from history are condemned to repeat it — or something like that.