According to the Internal Revenue Service, more than 2.7 million people earn $250,000 a year or more — and fewer than one-tenth of them earn a million dollars or more. So more than nine-tenths of the people who would be hit with the higher taxes supposedly aimed at “millionaires and billionaires” are neither. “Bait-and-switch” advertising is exactly what President Obama is doing with his proposed tax increases on “millionaires and billionaires.”
It gets worse when you look at the potential economic consequences of the tax rate increases being proposed. The small proportion of the people targeted for Obama’s higher tax rates who are in fact millionaires and billionaires have the least likelihood of actually paying the higher tax rates. People with annual incomes in the millions or billions of dollars can live pretty high on the hog on a fraction of their income, leaving them with plenty of money to invest. And they can invest it in ways that keep it away from the tax collectors.
via Sowell: Obama uses 'tax the rich' rhetoric to hoodwink voters | The Columbian.
So what are the tax rates he is proposing?
He has no proposal. He is just the over 40 angry white man who happens to be black. He makes a living bashing progressives and is very happy to do so, thank you very much.
Your remark sounds a bit racist to me. What’s your point?
He’s conservative and he’s black. What makes you think he wants to be white any more than he wants to be a “progressive” as you term it? Mussolini was a progressive. Hitler was progressive. So was Stalin. Not all progressives and idealists are nice people. They can be positively dangerous.