This new round of spending, using an un collectible tax, will be a new burden the middle class has to pay.
Obama and buffet dont even pay the Bush rates!
He wants to use the un collectible income to buy more votes.
The middle class has to cover the un collectible rich tax gap in revenues.
Buffet owes taxes from each year beginning in 2002.
When he pays he only pays 17%.
The gap in revenue is made up by those of us that dont have the ability to defer,delay hide , or have teams of tax lawyers.
I heard Paul Harvey say one time that if all income over 50,000 bucks was taxed at 100 percent it would run the gov’t just a few days. This was in the 70’s. Chances are pretty good that these millionaires have come up with a way to skirt this new tax, even as we speak. And make a few more million as they do.