Well, I am happy that a lot of people now understand what I have said all along.
W2 salaried upper income middle class always get screwed when it comes to any sort of tax reform…. For whatever reasons, politicians always like to think upper income salaried slaves are rich… [/quote]
It does appear that way.
I wonder if it is because they can get the most bang for their buck that way – lots of $$ in upper middle class, not many voters there (as opposed to lots in middle and lower class), and not much clout with politicians (as opposed to the truly wealthy).
Easy pickins for the tax base.[/quote]
It’s this way because the percentage of upper income well educated people in this country are relatively small compared to the majority dipshits, lazy, and Uber wealthy in this country….and because we have this pesky thing called democracy where every vote is the same..and that w2 slaves have very little wiggle room in terms of tax shelters.. So course they will end up bearing the majority of the burden any time any politician talks about tax reform or increasing taxes. I am not suggesting we change our democratic system. It’s just how it is.
This isn’t tax reform. This is abusing and exploiting what’s fvcked up about our tax system even further lol.
Morale of the story… Invest more work less….and tax advantage of the more favorable tax rates for cap gains and dividends and investment income. Learned that one a long long time ago.
