WillowTree
Diamond Member
- Sep 15, 2008
- 84,532
- 16,092
Of course it will occur as a de facto increase for those whose income exceeds $250k per annum. But technically it will be a restoration of the tax rate that existed during a particularly productive period for our economy.Not re-implementing those tax cuts will make the tax rise. So it is a TAX INCREASE for sure.. At least it is on this planet. Which planet do you reside on?
It is worth noting here that the Bush tax cuts have to date cost the U.S. Treasury over two trillion dollars. It also is interesting to note that during the most productive periods in our history the progressive tax rate was as high as 94%.
Ninety four percent! And that was during our very best years as a nation -- with a Republican president.
94% of which part?