I’m not in that range, but I do aspire to be. A couple thoughts come to mind:
1. Those who are not affected usually think its a great idea, and are voting on what to do with other peoples money. That sucks.
2. If you are making more than $250k and think it is a good idea, then there is nothing stopping you right now if you want to contribute more. If is is such a good thing to do, why do you need a law to make you do it?
3. I agree with the post that said you can’t tax your way out of this. The way to make this country stronger is to generate things of value, not spend. If you don’t reward those who generate things of value (penalize them instead with tax) it won’t work.
4. Any business with more than 1 or 2 people needs cash reserves well in excess of $250k, so taxing above that amount does have an effect.
5. Those that are wealthy above the $2M mark usually have more options for avoiding tax. So the burden will be put more on the small business
owners than the larger corporations.
