100% tax rates! DNC chairman Moa must be happy.
The majority of Americans must want this. We are a representative democracy, after all, and since their chosen ideology is now in power, it must be what they want.
Well, the Sheep have finally gotten what they wanted. May they be truly thankful for what they are about to receive.
Stupidity knows no bounds. This tax hike would be passed off to the consumer.
Didn’t I read that John and Theresa Kerry paid about 16% in taxes in 2003?
How do the rest of us get that sort of treatment?
Income tax is no longer your money, therefore BOHICA. This time with a little more gusto.
Please tell me how else can we pay for the socialist programs for the fine citizens of Mexico?
You ain’t seen nuthin’ yet.
This is sure to slow down the economy fast and big time.
When he refers to a "tax revolt" you just know what he's thinking about, AK-47s and all.
Somebody please tell me I’m dreaming! This is nuts!
Exactly why Republicans have to specifically state a rate, and
not rely on terminology like ‘tax cuts’.
Let me give them a start, flat rate 7%.
Congressional Democrats are going to take our money and Hillary Clinton is going to take our personal liberty. Moving to Australia is looking better all the time.
Predictable Dhimmicrat socialism.
this is direct result of the change in congressional leadership.
Those who whine about Republicans have no idea of what is really in store, once the redistributionists hold all the cards.
That has got to be absolute insanity .... of course high level execs will get paid in stock and thus only be subject to capital gains taxes. But a pair of doctors will get SOAKED.
Slowly but surely, inch by inch, we approach Democrat Tax Nirvana, where the great bulk of income tax revenues are paid by only a tiny minority of less than 10 percent of citizens with taxable income, while the vast majority of voters, because they pay little or no income taxes therefore have a vested interest in maintaining their happy state by voting for continuing Tax the Rich policies. Thus, there is will be no driving political motivation to reduce marginal income tax rates, but strong vote-getting appeal in imposing near confiscatory tax rates on the “rich,” members of that unworthy demographic that according to Al Gore “got lucky in life’s lottery.”
$250,000/yr isn’t that the new Federal Minimum wage amount? What a coincidence.
The best way to understand this is that dems are the modern-day incarnation of the communists whose avowed goal is to seize money from those who have some and give it to those who have less.
Not quite. This refers to the 1 percent who make the highest income; they are not necessarily wealthy. To become wealthy, they have to keep what they earn.
USA tax rate was previously 94 % under FDR !!!!!!!!!!!!!
http://delong.typepad.com/sdj/2009/03/top-marginal-tax-rates-over-time.html