Zero’s friends won’t have to pay it. Count on it.
One big reason: They will build in a way out, a way to escape any of the new taxes.
F U and your little pony u rode in on.
Useful
Idiot
We are all the rich to the Dems but I think you know that
Republicans get huge political donations. The money has to be coming from somewhere.
Nickel-and-dimers do not add up to $1 billion in presidential races.
Besides, the Republicans do not want to make Wall Street angry.
The really rich folk have places to hide it and shelter it from taxes.
Which means they’ll be going after a lower definition of the word rich.
Which means goodbye jobs.
“Most Republicans are small property and business owners trying to earn a living and not filthy rich.”
Yeah, and no thanks - we don’t need to pay i either.
I had no idea that currently the Rich are exempt from Taxation. When did that happen?
The very wealthy have gotten their money around the confiscatory tax system. There is currently no tax on wealth, only income. Many of the wealthy are ELITISTS who want the tax system to prevent current earners from becoming wealthy and challenging their elitism.
Generally speaking because it establishes a bar that is then used to raise taxes on the near~rich, the next~to~rich, and the almost~rich.
You’re right that bunches of very wealthy are also dhimmicrats, that the rich-left will easily obtain waivers of one form or another, and that the rich have more resources to pour into buying tax shelters.
So it is the principle of equitable taxation that pubbies promote.
I don’t think the current set up will tax them. the middle class will be taxed, but the really wealthy will get out of it.
Tax loopholes, tax free investments, etc. , etc.
They write the laws so what makes you think the wouldn’t make use of all the gaping holes in the tax code. They don’t like free enterprise or anything they can’t control. That’s what it’s all about.
Kill the Rich, redistribute their money and property to those the Government deems worthy, problem solved.
Next issue...
Because (just for starters) it will further depress the economy and cause even more job losses. And, because we live in Oceania and Big Brother’s Ministry of Truth is working on steroids. Obama’s proposal to “tax billionaires” would, in actual fact, fall mostly on small local businesses like cleaners, diners, quickiemarts, who would have to lay off more workers, raise the prices of everything we buy, or close down . There is in actual truth no proposal to just “tax the rich,” we are being lied to each and every day about obama’s actual proposal. Since there is no real “tax the rich” proposal on offer, your question lacks relevance.
The Progs may scream about taxing “the rich,” but they will never get the money they want from “the rich.” “The rich” are too few.
I still remember when Reagan got the 28% top rate passed. It looked like such a triumph over envy and stupidity. Look how long it survived the permanent campaign of envy. As long as we have the 16th Amendment, all tax increases will be hailed as victories by the envious, and all tax rate cuts will be demonized as triumphs for the “greedy.”
The whole “tax the reach” meme is just a precedent. One they’ve “paid their fair share,” it’ll be onto the middle class.
I guarantee, if 0bozo ever came up with an asset tax instead of an income tax, Buffet wouldn't be opening his pie-hole begging for increased taxes.
Do you really think they are going to "screw themselves?" Of course not, because very rich people can control when and how they report income, and much of their income is not taxed at the ordinary income tax rates the President is proposing to raise. For example, income received from tax free bonds is not taxed at all. So people like Senator Kerry and his wife don't pay any taxes at all - state or federal - on much of their income.
The people that do get "screwed" by the President's plan to raise income tax rates are small business owners, and people who are trying to move up from the middle class. So if you work really hard at your business and have a great year the President's plan will hit you for more taxes.
Of course the people that own small businesses, and who are part of hard working, successful professional or farm families often vote Republican. That is who is going to get "screwed" to use your terminology.
Rich Dems avail themselves of the Geithner/Rangel exception and don’t pay income tax—they cheat on their tax returns. Besides, when you’re already wealthy and employed by Zero what do you care how much your government salary is taxed—it’s all net profit to you anyway. They get all their travel costs paid for and have great retirement and health benefits—all paid for from Zero’s stash.