General Discussion
In reply to the discussion: CALL CONGRESS RIGHT FUCKING NOW!11!!1!! [View all]Blanks
(4,835 posts)That would appear to be entrepreneurs. One of the reasons to bump up the income tax is so that the 'job creators' will spend more on things that are deductible i.e. more employees, newer vehicles, updated office equipment etc. Just to get out of paying more in taxes.
If we are just increasing the income tax on someone drawing a salary of over a quarter of a million dollars a year; they aren't really job creators anyway. They can tighten their belts a little.
The percentage of their personal budget that goes toward transportation is smaller for this group than it is for the poor, and when the price of gas goes up a little; the poor have to tighten their belts. Increasing the out of pocket expenses for the more successful is only fair.
The Bush tax cuts need to expire. Their continued existence isn't stimulating the economy nearly as much as letting them expire will stimulate the economy.