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Re: Obama Brings Back The Inheritance (Death) Tax!
Old 04-03-2009, 01:49 PM   #11
Bond
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Default Re: Obama Brings Back The Inheritance (Death) Tax!

I suppose it depends how you define "rich," but look at the future income tax increase at the bottom of the graph I posted. Those are present value increases on the $100-150K a year range. I don't consider that an unrealistically high sum to earn, especially in areas such as California and NYC.

Tax increases will always start at the "top 2%," but they inevitably end up affecting all self-reliant wage earners. It's also important to take into account hidden taxes such as inflation, carbon cap and trade, etc.
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