These folks had an adjusted Gross Income of approximately $1.685 Trillion. Now this is every taxpayer who has and AGI over $380,000...not quite a million.
Nevertheless, if you apply a 5% surcharge on their income, it raises $84 Billion...not the $447 Billion cost of the "Plan".
So I wonder where they expect to find the other $363 Billion???
Are Harry's math skills that much better than mine?
In that case I’d like to propose a 100% surtax on Democrats.
I propose a 5% cut in every congressmans pay!
Warren Buffet, George Soros et al. won’t pay any tax on that, either, since they don’t get their money from income, salary, wages or tips.
If the Democrats want to put up or shut up, they can put a 50% levy on WEALTH, i.e., the sum total of what George Soros OWNS over a million dollars. Otherwise, SHUT UP you commies.
5% tax on millionaires (except democrat senators and other fiends of baraq).
bet on it.
I seemed to recall the president saying the bill was already paid for.
The purpose (pretext) for charging the 5% of millionaires is to support Obama’s Job Bill.
Why don’t they just leave the millionaires alone and let THEM create jobs, instead of Uncle Sam wasting even more money creating negative jobs?
Oh, right, the Democrats are not interested in creating jobs.
Everything they do is measured over 10 years, so 10 X 84 billion is $840 billion. That’s Harry math
Nice trap the RATS have laid for the Repubs. If they vote against it will nicely illustrate the Repubs not willing to tax their rich friends to help create jobs. Yes I know it is BS but it will be a winning argument for them. Perception is reality. The refusal to raise any tax on anyone makes them look obstructionist and unreasonable. It might be better for them to support a 1% tax increase on those making a million a year to counter that argument.
They plan to run it for 10 years