>> Nearly 63% of tax filers with incomes between $100,000 and $200,000 would see a larger tax burden... Overall, an estimated 16% of households would end up with lower tax bills under Obama’s proposal
For a couple years I’ve been “galting” my economic affairs in order to move from the former group into the latter. It’s working nicely. The beast has grown fat and needs to be put on a diet. Perhaps I can help.
Since 50% already pay NO taxes, I can assume that this will make that number go to around 60%??
“For a couple years I’ve been ‘galting’ my economic affairs”
I believe the correct term is “shrugging.”
I shrugged also. Instead of paying more in taxes, I now pay less - much less. I imagine this will result in a substantial net decrease in revenue as more people join us. I’m not sure if Obama even cases though; for him it’s about envy and not about funding essential government services. If Obama raises my taxes again, I’ll take even more time off and cut my earnings again. I can get by comfortably on less than I spend now, and I will not pay the Obama Regime more than they are now receiving, regardless of the rate they demand.
Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes. Helvering v. Gregory, 69 F.2d 809, 810-11 (2d Cir. 1934).