Posted on 07/14/2009 12:07:26 PM PDT by Red in Blue PA
The healthcare overhaul proposal offered Tuesday by U.S. House of Representatives' Democrats will include an extra 5.4 percent tax on those earning more than $1 million.
One congressional aide said that would bring the top tax rate for the wealthy to 45 percent. An additional tax of 1 percent would be levied on those couples earning more than $350,000. Those with $500,000 incomes would pay an extra 1.5 percent, according to the legislative documents.
Increases could be triggered in 2013 to 2.0 percent and 3.0 percent, respectively. The millionaires' tax would remain at 5.4 percent, according to legislative documents.
(Excerpt) Read more at cnbc.com ...
C’mon, like Biden says, do your part — pitch in — help out! Scalp the achievers so their greed can be used for the benefit of the loafers... er, I mean, those less fortunate. Spread that wealth. Whatsa matta wich you, you noah unnerstand?
Well, I wonder how many millionaires will suddenly have two or three children making $999,999 a year. There’s a hundred ways to skin a cat(and all of them are fun).
These idiots just assume the “filthy rich” are going to simply absorb this hit and not pass it on to the economy in terms of increased unemployment, higher prices and further stagnation.
“C’mon, like Biden says, do your part — pitch in — help out! Scalp the achievers so their greed can be used for the benefit of the loafers... er, I mean, those less fortunate. Spread that wealth. Whatsa matta wich you, you noah unnerstand?”
That’s right, Biden — “skin in the game”....”patriotic”... remember all that pre-election terminology?
Oh great, a “progressive” surtax. Let’s review history for a minute. The high marginal tax rates of the 50’s led to businesses attracting talent by offering nontaxable benefits, like health insurance. Which removed smart shopper/free market link between the customer and the provider, which led to the out of control costs of medical care we enjoy today. The joy of unintended consequences. Government plans to solve this problem by raising marginal tax rates, to generate revenue to pay for costs that are too high because the marginal rates were too high. AAHHHHHHHHH! What distortions will this new round of taxes cause?
Let them be the first to pitch in, eh? Let’s see how much tax will be imposed on these tax evading critters. And they will have to participate in the same system. The same groups of doctors and waiting lines. Guaranteed non- perks for them. Then let’s see how it fairs.
And how long before they decide they aren’t getting enough, and have to “correct” the level from $350K to $300K, then to $200K, then to $50k?
In the end, everyone was a Kulak.
The same amount who will suddenly be audited.
sw
Just like that the Democrats can squeeze an extra $54,000.00 out of each person.
got to love it....surtax the tax....massachusettes does (or did) that...when i lived there in the 80’s we paid a 7% surtax on the state income tax we paid....wooohooo...
Exactly! Well said.
Exactly. It worked so well for California. Whoops...
New York? Whoops...
Why are you so concerned for millionaires, are you one? They don’t create jobs with all their extra money, they but $6,000 umbrella stands and throw ridiculously expensive sweet 16 parties for their kids. They can afford the extra tax.
You have no right over another man's property just as another man has any right to yours.
It only stands to reason that where there's sacrifice, there's someone collecting the sacrificial offerings. Where there's service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master. - Ayn Rand
The people who make those umbrella stands, and cater those sweet 16 parties will care... and so will the minimum wage people who (used to) work for them. Do you really think money is better in the hands of the government than in the hands of people who go out and spend it?
LOL! Slithered away from the DU for a little while eh?
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