In response to:

Liberals Pine for China's Top-Down Society

Anonymous6826 Wrote: Dec 19, 2012 9:25 AM
I think we should just raise the taxes on Liberal Hollywood. (not the conservative actors) They seem to worship this president and visa versa.. just like an insiders club. Sounds more and more like ... oh you know.
gungy Wrote: Dec 19, 2012 12:25 PM
But that's the beauty of it. Like Immelt and Buffett they use the loopholes to avoid paying taxes. But they get to preach about how wonderful it would be if only they could pay more. Wink wink nudge nudge. As Bufett sues the IRS to avoid paying.
binc Wrote: Dec 19, 2012 10:09 AM

Kenneth416 wrote: While I will not be affected by the increase in the marginal rate of taxation of salaries and wages from the current 35% to 39.6% (as under the Clinton-era), I doubt that it will have a serious effect on the behavior of the highest earners. Note that, for a high earner who earns $1M, the additional income tax will be only $46,000, less than the cost of the luxury Mercedes or Lexus he or she drives (and which is probably provided by his/her employer, anyway). The real bite comes in the tax on Dividends and Cap Gains, where the...