Obviously no one wanted to answer the questions asked in the OP of Part 1 so will try a new tack. This is for those who are obviously smitten with class envy .
Originally Posted by IRS
Which means that the middle 40% paid 27.04% of all the federal income taxes, which I would venture to guess would include most who post here.
If my AGI was only $369,691 & I was being demonized by the POTUS as rich I would be quite upset.
There is not enough money among the wealthy to cure congresses spending habit & pay off the debt. Those among the very wealthy that say they should pay more can without asking others to, their support means they expect to get a break unavailable to the other wealthy . What sucks is that many of you are falling for that line.
So I'll try to present it in a manner you understand. The attack on the wealthy is an attempt to gain the viriginity of the taxpayer, nothing less. After the deflowering everything will be much easier. & you can see from the stats that you will be on the list.
Should the R's cave I will be very disappointed, fortunately Boehner has as his two sidekicks in the negotiations, Ryan & Kantor. Hopefully they will be successful in cutting tax breaks of which the ability of the hedge funders to take ordinary income & have it taxed at CG rates would be one + the second home deduction of interest should be eliminated. There are others, including in the farm bill. Because of capital demands there will be 70,000 less farmers at the end of this decade, should we continue to subsidize those very wealthy farmers?