First of all... taxes are being levied on income... and rich people have a lot of assets... and they probably incorporated themselves... so they naturally pay less taxes...
This is why rich congress people such as the ladies from California or John Friggin' Kerry don't pay a lot of taxes in relative to their wealth... and they don't mind increasing taxes on OTHERS' income taxes...
And here's another thing to keep in mind... rich folks are rich for a reason... most of them put in the time to know where to keep their money (outside the states) and how... which of course leaves the rest of up poor saps holding the bag...
So anyone still drinking the Obama kool aid and believing that their taxes won't go up... your life is really, really gonna suck.
Reduced Federal Revenue, coming soon from a virtual Galt’s Gulch near you.
Luckily the Dems have learned the special Marxist secret on how to squeeze ketchup from a rutabaga.
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The revenue coming in is at its lowest rate since 1932. (so i’ve read). How do they expect to keep the “RICH” in country with the class warfare that is already playing? The next tax is on the middle class, and I will bet anyone on it.
Every time the rich pay all the taxes is reported, they miss one not so small thing. The middleclass pays most of FICA. The rich are spared this because of the cap on FICA. FICA is not an insignficant portion of General Revenue where it goes.
The rich are paying 90% more than they should.
ping