tanstaafl:
I love comments like yours, due to its simple logic and total disregard for learning facts. You really do not understand how the tax system works do you?
Simple test on two people with vastly different incomes:
Person one has $15,000 in taxable income.
Person two has $1,000,000,000 in taxable income.
Who pays more of their income in taxes for their first $15,000 earned?
The answer is quite simple—it is equal. On the first $15,000 each person earns in a given year, they will pay the same amount of taxes on that sum.
So, Obama has said he won’t be raising taxes on persons making $250,000 or less. Meaning, his top tax rates will be set at $250,000. Meaning, that person making a billion dollars will be paying the same amount of taxes as Joe the Plumber on his first $250,000. It really is quite elementary and I hope you hire a new tax guru for 2008 if you don’t understand it already.
