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traitorbill Wrote: Dec 01, 2012 7:17 PM
"unearned?" as opposed to, say, government tax revenue?
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rhinegarten Wrote: Dec 01, 2012 7:00 PM
You're gonna think it's scary when your job is eliminated as a result. But you, like most liberals, can't see past your noses.
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traitorbill Wrote: Dec 01, 2012 7:18 PM
Their appetite substitutes for their wisdom.
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President Obama proposed tax hike contains a lot to dislike, but what hasn't gotten much attention is the tax hike on savings and investments. While the marginal income tax rate will rise from 35% to 39.6% for top income-earners and small business owners, the proposed tax hike on capital gains and dividends could cause the most long-term economic damage.
That's not to downplay the rise in marginal rates. It could cost hundreds of thousands of jobs over the next few years. More universally acknowledged by economists, however, is the economic harm that savings and investment taxes do. In the...
Obama's Most Dangerous Tax Hike: Savings and Investments