MikeK
Gold Member
Not so.Because Dear Leader includes people making $200,000 in with the billionaires.
Obama's tax increase proposal calls for progressive rates depending on varying income levels. The rate of increase on a $200k income will not be anywhere near that imposed on $1,000,000, or $1,000,000,000.
What is more important to understand is a 2% increase on a $50k income will take food off the table. But a 10% increase on a $1,000,000 income will barely be felt, if at all.