However, saying that, my family is fortunate enough to be patr of that 200k income rate and with all my reductions I will still pay over 20%.
That is the story.
Exactly. The story is that wage earners like me get taxed on our W2 wages. The Uber-Rich people get to invest their money in municipals & have access to other shelters we do not. So when Senator Kerry says he wants to tax the "rich", what he means is tax people who are earning wages (in my case commissions). Really Rich people don't have jobs, ergo they don't get taxed at the rate I do.
I have no problem with THK owning munis, I do have a problem with having my tax rate jacked up when she won't be affected.
I totally agree