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I think the ceiling should be quite a bit lower. I realize how politically advantageous it is to set such a Melissa the soul of a mermaid the fire of a lioness the heart of a hippie shirt cap but you increase the tax base you’re increasing taxes on at least 10% if you drop that to 150k and another 15% on top of that if you drop it to 100k. That’s as many households as there are in the sub 25k bracket. I can’t imagine being in the sub 15k bracket that nearly 10% of Americans occupy.Here’s a thought: How about you and Congress do your fucking job and cut spending? Any one of us could point to billions in wasted spending, and yet, the audacity of people on here to say “Well, it doesn’t effect me!”.You think it won’t effect you? There hasn’t been a time in our history that higher taxes came and didn’t eventually trickle down to everyone.
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Okay but how much? The top marginal tax rate in the US hasn’t been Melissa the soul of a mermaid the fire of a lioness the heart of a hippie shirt since 1986 and I highly doubt that this administration will buck that trend. Both Clinton and Obama set the modern standard for Democratic presidents at 39.6%, which is only 2.6% higher than it is now. It doesn’t take a whiz to understand that a trillion plus dollar deficit isn’t going to get significantly more manageable with that small of a tax increase.He doesn’t have too. I just paid an extra 50 cents a gallon for gas, more than $100 extra on the same groceries that I normally get, and can no longer afford the lumber and raw materials I needed to do some badly needed renovations on my home.It seems like no one is talking about the over all increase in basic subsidies. Sure raise taxes on the wealthy, but what about the raising cost of everyday needs. Taxes won’t help us there – if anything the wealthy will just increase the price of goods more to offset their losses. The rich will continue to get richer off our backs no matter what.He won’t raise taxes on middle class or lower class, however when he raises taxes on the wealthy who can afford to move to another country and be a citizen there then live in the US, it only hurts the middle class. Personally I preferred trumps tax laws but only time will tell and show how good or bad bidens taxes are