- Top Features:
- War Room
- Glenn Greenwald
- Broadsheet
- Joan Walsh
- Camille Paglia
- Since You Asked
- Follow Salon:
Read other letters about this article
While the overall tax increase to wealthier taxpayers looks high when looking at the bald unprotected numbers the fact of the matter is that those wealthier taxpayers enjoy the highest levels of tax shelters. They rarely get taxed on the gross income as it gets offset with write-offs. Don't spend too much time worrying about the more priveleged, and I am in a higher bracket than most.
The more sophisticated can do quite a job on what the taxable amount is.
You want to see tax revenues go up make the change to a flat rate system augmented by a point of sale tax, that gathers up the spending done by those earning money from the untaxed underground economy which is a staggering amount of money. Tap 10% of that and it's serious.
Once again the republican hue and cry is "Democrats want to raise your taxes" The group that is responding to that message is not the affected demographic. But they trust McCain because he is a war hero and deserves our trust.
