[Always Right]

The problem is, tax policies such as Obama's don't even soak the rich. What high tax on income does is prevent the poor/middle class from becoming rich. I would call Obama's plan more accurately, "The Rich Prevention Act". The rich already have their money, it is the poor folk who need income to get rich. Under Obama's plan of taking the cap off SS and Medicare tax, plus rising the tax rates, he would move the effective tax rate on anything over $200K to about 66% once state taxes are factored in. That means to become a millionaire under Obama, the poor would have to actually make over $3 million.

[MrB]

That IS the goal. When people are able to build wealth, they become more independent. Leftists hate that idea.

[Principled]

That means to become a millionaire under Obama, the poor would have to actually make over $3 million.

That's right - his after-tax price of a $1million item is $3million under the income tax.

Like today, when income tax is included in prices, nrst prices are comparable. Most after tax prices go down under the nrst - because MANY who currently do not pay their portion of income tax/payroll tax [illegals, criminals] will begin paying their full share of federal tax via purchases under the nrst.