So this gives the really rich people time to hide their money in tax free shelters. Who gets hurt? THE MIDDLE CLASS...you know...that eroding middle class they told us helped sweept them into power.
This would be political suicide. I think Democrats realize this, unless they are insane, which they could be.
If they raise taxes, we win the House back in two years. It's that simple.
This is more targeted at high wage earners, not the super rich and small business owners fall into this category.
And who pays more in terms of dollars?
You need to brush up on your democrat lexicon, I know it's been awhile since the country talked about tax increases, but in the democratic lexicon, "rich people" mean everybody not on welfare.
So this gives the really rich people time to hide their money in tax free shelters
As an MD I am at the stage where I can start working less. If taxes go up, I will just work less. Not worth going to an early grave to keep less then 50 cents on the dollar. I'm sure I'm not the only one who feels that way....
So this gives the really rich people time to hide their money in tax free shelters.
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No I think it's worse than that. The truly rich don't have to work, that's the point! Since most of these taxes are on income, not on wealth, they are totally unscathed...