Originally posted by: eskimospy
Originally posted by: JS80
Originally posted by: retrospooty
Originally posted by: GenHoth
Originally posted by: retrospooty
(nor will he raise our taxes )
Shens
I dont know what "shens" means, but he plans to lower taxes a little on the middle class, and raise it on those that make more than $250,000 per year - basically undoing what Bush did. That is a great thing in my book. Those that make over $250,00 per year can afford to pay more, and SHOULD pay more as they are enjoying the benefits of America more than the struggling to survive middle class.
Aside from income tax rates, by rolling back the capital tax rates he is raising taxes on the middle class.
But how does someone making $250k paying more or less taxes affect you? Envy/jealous much?
Uhmm, it adds more money to the federal treasury that pays for services that interact with all of us on a daily basis. What did you think?
As far as 'raising taxes on the middle class' with a raise in the capital gains tax... people checked out that idea and the answer was largely no.
Link here. It looks like if you are as generous as can be to the Republicans' position (income of $200k a year counted as middle class), a bit over 10% of the middle class would be impacted by an increase in the capital gains tax. And of course he wants to cut taxes for the middle class in other ways anyway... so yeah.