ddavid

Challenges Facing Obama

Agreed very few make over $250,000 but those that do (about 5%) make millions if not multi-millions. Those that make near 250K may well pay no more than being in the 60K range because they have earned exceedingly to invest in tax deferred or tax write off investments. Besides if anyone has any accounting knowledge you should know that each $100,000 above $250,000 will only have net taxable increase of $4.69 per hundred thousand.

I don't like to see it, yet the only solution to reducing the National Debt would be a National Sales Tax or Value Added Tax. All other method are only a
band aid. Wealth has become so disproportionate it may need a tax on its own, for I can show you how to make a Billion in wealth tax free, and withdraw only a taxable amount which I intent to spend. With a $150,000 I can live quite comfortable and take my annual world cruise.

dd

On Nov 05 08:48 AM Crank Monkey wrote:
> Very few people make over $250,000 and they pay the lion's share
> of the taxes already. Making them pay even more if a losing proposition.