| > simply renewed a republican tax plan that was proven not to work since they helped put us into recession Everyone else thinks that the recession was due to the collapse of housing prices and/or the credit markets. > and caved on the idea of people making over $250k actually paying proportional taxes to help pay back their incredible gains $250k is a pair of married mid-level individual contributors. It's also an engineering manager and a school-teacher. BTW - what definition of "proportional" are we using? Both before and after, the marginal tax rates are progressive. (No, SSI doesn't count - it's a forced savings plan with better return for folks who contribute less.) And, if you look at the difference between the Clinton tax rates and the Bush tax rates, you find that the Bush rates are more progressive. Yes, compare someone who makes $300k with someone who makes $30k. You'll find that the $300k person got less than 10x the benefit from the Bush tax rate cuts that the person who made $30k. You can play with numbers at http://www.giveitbackforjobs.org/ Curiously enough, that site's founders think that the tax rate cuts are a bad idea but suggests sending the savings to charity, which reduces tax liability, instead of sending it to govt.... |