#6 Thats just it, this cancelling of deductions will amount to a furthur nationalization of charity, as well as creating a glass ceiling for the up and coming successful. Imagine you have a certain expense ledger at home compared to your salary - your house near work, car payment, insurances, kid expenses, property taxes, so forth. Under such a plan it is possible that a pay increase puts a family into the Stinking Capitalist tax bracket and post tax actually nets less than with the previous wage. So as a company to offer a wage which is attractive it must bump the wage to a point where employee nets more in new bracket than old bracket and wage.
When el prez said he made enough money at $1.5 mil, netted $1mil, and he is willing to pay more taxes (and why not, all his expenses are paid for) well I looked up average starting wages of pro athlete rookies and thanks to Obama's gracious attitude to paying taxes (on taxpayer income) guess who gets it in the shorts. Become successful in your field, invent something, how about all his high power lawyer friends, sure they are all happy about his nonchalant pressing of their service?
On a more personal level, say you are one of those who makes a good check, decent job which can increase wages in order to adjust to inflation; keep you and family at a recognizable purchasing power. How long until you break that level set for Middle Class Will Not Have Taxes Increased? Example, make $100k@25% tax = $75k net. Get promoted, make $120k@33% tax = $80k. See, your job had to pay out $20k for you to get a $5k raise. Glass ceiling.
Not going to get into his nationalizing the health insurance plan he talked about just yet. You know, where Congress gets together to decide what treatments will be allowed, you know because insurance companies are cheating people out of treatment - those government regulated companies. Yup, a government who fails at regulation and a Congress approved medical list, a Congress which seems to have a tough time getting a basic budget on-time or a budget at all depending on who is in. Gimmie some of that crap cake. Really, who do you appeal to if say Congress decides health costs are too much for anyone over 50? |
As far as the implication that conservatives are richer than liberals (because, yeah, Central Park West and San Francisco are bubbling over with conservatism), I'll refer back to my blog post on this issue last summer: