So the new tea party meme is now Obama is not raising taxes on the rich enough?
WTF!
It's not a rhetorical meme, we've posted from maisntream news that bull**** all the time.
Look, the top 400 taxpayers only pay average 15% in taxes!
Look, the 1M per year income earners only pay average of 18% in taxes!
Therefore, let's raise the top marginal rate of those earning $250K+ per year! Noting this does not affect to any signficant degree, the rhetoric use to drum up feverish liberal support for it.
In other words, the people who are already paying around 35%, may end up paying 40%. The people paying 15%, if that's all that changes, they still pay 15% because that was long-term capital gains rate. And the 18% might pay what, 19%? Because the majority of that 18% is apparently also 15% long term cap gains based.
So yes, using strictly what was written, that leads to the mega-rich seeing no effective tax increase. Easy for those not paying not to care though, just keep voting for others to pay for the houses and education you cannot afford and refuse to pay your loan obligations on.
Tea party for all its faults, gets that right. The ultra-rich are represented by the billions they can afford to throw into politics and lobbyists and attorneys. The majority, you ****ers are always represented. It's those pinched in-between that are working, are not ultra-wealthy, they get stuck with your hospital bill because you can't stop stuffing your face with donuts (not you personally of course, you eat raw meat, maybe man-flesh I cannot tell).