Well, the Democrats have come up with their tax plan. Overall, it’s not too bad (I like the idea of making lawyers and accountants pay into Social Security) but there’s an area that bugzs me. According to this article I found on Bloomberg, the plan calls for a surtax of 4%+ on “wealthy” families. Their definition of “wealthy” is families with adjusted gross incomes over $200,000 per year.
Sure, $200,000 sounds like a lot of money but does it make a family “wealthy?”
I hate progressive taxes.