cjrian Wrote:
Nov 16, 2012 1:21 AM
If Obama and the Left really want greater revenue from taxation, they will, by necessity, need to tax the Middle class. The rich can change the nature of income, or derive non-taxable income (move it offshore), the poor can derive income "off the books", but the Middle class is dependent on earned income. A return to Clinton Era tax rates (actually it's much higher, given the tax implications of ACA) would result in revenues of between $5 and $80 Billion. Not enough to even dent the deficit, so it is purely punitive for the sin of success.