Quote:
Originally Posted by Minte
So I am sitting here looking at my property tax bill(s) this morning for my company. It's not pretty.
I can officially tell you that the 1% is paying more. Along with that, section 179 deductions are going away in 2014. Does any of this affect the .1%? The answer is probably not.
Does it affect the 1%. Yes it does. So you can enjoy the rest of your day, I can promise I will be paying more in 2014 and the way it appears, considerably more.
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As Bill Gates said he is past worrying about the toilet paper bill. You have the money to support a decent lifestyle and these extra taxes probably will not even be noticed on the day to day level. Take 4% out of someones paycheck who is making 30k a year and they will notice it. Worse the economy will notice it as they typically spend 100% of their income and now they will have less income.
Is it fair the rich pay more? I doubt it but it does make for a better society according to history.