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...
About the ObaMessiah's REAL drivers... So few read his books (TWO autobios when he was still a nobody-- no narcissism there!) to understand who his identified influences were-- notably admitted commie and bitter black militant Frank Marshall Davis. His handler Valerie Jarrett boasted gushingly how happy they were to have cajoled avowed commie Van Jones to be a czar...until Glenn Beck exposed him and he made a quiet exit (NO media attention about why). The Chosen One simply believes in unbridled Big Guvment and wealth transfer...that is socialism AT A MINIMUM! He cares NOTHING about what had made America great socio-economically...Frank Marshall Davis taught him to tear all of that down for the brown people.
- Quotes of the day Allahpundit 11 hours ago
- Last straw: ObamaCare now ruining baseball Mary Katharine Ham 11 hours ago
- US reconfirms policy of not paying ransoms to terrorists for abducted Americans Ed Morrissey 12 hours ago
- Jake Tapper: Getting a conviction against Darren Wilson could be an ‘uphill battle’ Noah Rothman 13 hours ago
- NYT poll: 65% of whites, 80% of blacks say police shouldn’t have military-style weapons Allahpundit 13 hours ago
- In effort to shield Obama from criticism on ISIS, White House makes everything worse Noah Rothman 14 hours ago