How long do we actually think the higher tax bracket folks will put up with this before they just start to lay low and put their money into assets? And even though they say it's a tax hike on those earning more than $250,000 / yr., how long until trickle down taxation reaches the middle and lower-middle classes?
Asked by Anonymous at 9:44 AM on Nov. 12, 2009 in Politics & Current Events
Answer by yourspecialkid at 10:39 AM on Nov. 12, 2009
Answer by Anonymous at 9:44 AM on Nov. 12, 2009
It will be passed down when the wealthy feel the pinch, and decide to let their lawn guy go, or not give the housekeeper a raise. It will be passed down when retired wealthy decide to move to a more tax-friendly country, taking their money with them. It will be felt when small business owners lay-off workers, or decide not to expand and create more jobs.
When the wealthy decide to spend less, the waitress won't get their tips, and the salesperson won't get their commission. The artist won't be selling his art, and jeweler won't be selling his diamonds. Then the waitress, salesperson, artist, and jeweler pay less in taxes, so the government ends up with a shortfall, and ends up raising taxes on everyone.
Answer by mancosmomma at 10:12 AM on Nov. 12, 2009
Answer by Anonymous at 10:19 AM on Nov. 12, 2009
Answer by Anonymous at 10:21 AM on Nov. 12, 2009
Answer by Anonymous at 10:22 AM on Nov. 12, 2009
Answer by QuinnMae at 10:23 AM on Nov. 12, 2009
Answer by tnmomofive at 10:24 AM on Nov. 12, 2009
Answer by Anonymous at 11:20 AM on Nov. 12, 2009
Answer by Scorpio359 at 11:55 AM on Nov. 12, 2009
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