We can talk back and forth about this all but when you historically look at tax plans, whenever there has been an increase in the tax rate there has be a decrease in the revenue brought into the Federal Government. The solution is not taxing the 10% of the population that already pays 70% of all taxes.
Oh and to Mister Grape and Grape-Picker. Obama’s idea that $250,000 constitutes a Grape Picker is bull crap.
My GF and I make combined around $250,000. We will be hit by Obama hard. Are we “rich” living here in San Diego? Certainly not. And yes it pisses me off that Obama wants to take money from me and my girlfriend who have worked very hard to get where we are…taking out school loans to forward our careers, chosing to live below our means and not running ourselves into massive credit card debt…and then have it redistributed to someone who doesn’t work as hard. Just because that’s the “right thing to do”.
The fact is in my career I am able to keep 100-200 people employeed just by doing what I do. Punishing me, in the long run, will only punish the people that work for me as I won’t be able to expend as much capital, grow the business etc. etc.