Monday, April 11, 2011

The Liberal Tax Game

"As Warren Buffett likes to point out, since most of his income is from dividends, his tax rate is less than that of the people who clean his office." Tech Crunch

So for all you liberals that like to point out income tax rates are too low for the "rich", just remember they don't have traditional income.

Of course the "rich" pay cap gains, property tax, etc. But the Democrat game of "extending tax cuts for the wealthy" is just that, a game of politics. If the liberals were serious, they would institute a "wealth" tax. This is precisely why the Holywood liberals don't mind income tax rates going up or down; it doesn't affect them. Tax cuts for higher incomes benefit small businesses, the employees they hire, and the economy as a whole.