The left’s next move on taxes
January 3, 2013 3 Comments
The interesting thing to watch now is going to be what changes to the marginal-tax-rate schedule the left agitates for next. Now that “The Bush Tax Cuts” (i.e. whatever the marginal-tax-rates were from ~2001-2012) have been allowed to ‘expire’ (i.e. raised so that they are higher numbers than they previously were, but equal to some numbers they had been a while ago) for wage-earners above the magic threshold of $450k, what that means is that everyone making $450k or above is now paying “Clinton-Era Tax Rates”.
So, they’re set. Right?
Because as we all know, “Clinton-Era Tax Rates” were the metaphysically-perfect numbers for marginal tax rates to be. That is the period in our nation’s history when the tax schedule attained metaphysical perfection. Everyone knows that.
I assume this means the left will agitate for tax increases on “the rich” no further, and focus on trying to increase taxes for the middle and below, and to make the tax code more regressive. I mean right? Why would the marginal tax rates on “the rich” need to change any further now that they are back to the magic, perfect “39.6%” number that Clinton discovered? They wouldn’t. QED.