Tax hike will barely affect deficit, it's about spending folks, adding taxes is just fuel for the fire
"If there is a tax policy that deals with tax on millionaires, it would effect President Obama as it would all millionaires, please tell me that you're not so numb that you don;'t understand that...."
Tax policy will have no material impact on the President. Like in the former Soviet Politburo, money is meaningless for top end politicians and their standard of living. Obama's needs will be met for the rest of his life, regardless. Please tell me that you're not so numb that you don;'t understand that...
Seems like I pay social security taxes on all my wages since they are lower than 110,000, meaning me and Romney pay the same effective tax rate for this tax. In addtion, since hedge funds distribute income in form of a dividend the maximum tax on that presently in 15% (Bain Capital) income. What is the maximum tax rate on salary income