General Discussion
In reply to the discussion: A message to those who think that someday they will benefit from GOP upper tax rates. [View all]TBF
(32,047 posts)Yes, I know what I'm talking about (ie I have that kind of income). Yes, the tax cuts should be repealed. Even more importantly the capital gains cuts should be repealed (the last 30 years worth).
I know in my own case we are close to the top 1% in income, which allows for none of our debt (student loans) - I'm not sure how you'd want to calculate but we could do it either way (either on net worth or just income). I'm willing to pay more. But I want to see those capital gains cuts repealed - and I want defense cut substantially.
That's my opinion - my guess is that you and I have much more in common than I would with someone making $1M a year. You know?
Edited to add:
The latest numbers from the IRS -- based on 2009 tax returns -- show what it takes to be among the top 1% of income earners: adjusted gross income of $343,927 or more. The 1.4 million Americans with this elite status reported 16.9% of all the country's taxable income.
Read more: http://www.kiplinger.com/features/archives/how-your-income-stacks-up.html#ixzz1vzciWKbk