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Cake day: July 3rd, 2023

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  • That and because the republicans will keep claiming they want to raise taxes and peopke dont like being taxed. Does it matter that its a tax increase that only affects the wealthy? No, as they too are a temporarily embarrassed millionaire.

    I do agree that capital income and earned income should be treated equally, but the politics of that make it more difficult.

    It might have been better to reduce the higher income tax by an equivalent amount to match a higher rate, so that the overall tax take is roughly similar, somewhere in the middle, but then shed be accused of helping billionaires.