But the over $200K is misleading, because the capital gains is calculated into that income also, so the converse is true too that people who make $100K think they don’t fall under this rule, but if they have significant cap gains, that pushes them into this.
Not to mention that “the rich” are already paying the major portion of income taxes and continuing increase of taxes takes away incentive and what happens when we will all be equally poor?
That precisely is president Zero's goal! He wants all the successful people to be brought down to the level of his food stamp people. Then his people will not feel inferior.
Zero thinks he is Robin Hood. Except he will never tell you that in every country which experimented wealth re-distribution, the result was always poverty distribution for all except the ruling class.
True enough.