All I heard in President Obama’s State of the Union was “raise taxes” and blah, blah, blah.
You?
Seriously! It sounds noble and altruistic to go after those evil people who make money. But it’s THEIR money. They worked hard. They earned it. They’re even following the current tax laws in the tax code, and paying what they owe to the government. If they feel under taxed and want to contribute additional money to the Treasury, this rich folks are free to write a check! I’m looking at you, Warren Buffett.
When you add up the federal tax rate, the state tax rate, the local tax rate (in some cities), the payroll tax (Social Security and Medicare – and double it for the self-employed), many of The Rich are already paying over 50% in taxes.
Over 50% in taxes. That’s not enough?
I didn’t even include sales taxes, and everything else from taxes to fees on our homes, utility bills, cell phone bills, etc…
We’re all taxed enough, Mr. President.