Quote Originally Posted by Deke
You say it like only people making over 250k are hard workers. That's simply BS. Just because someone is an entrepreneur and starts, for instance, a successful dotcom business and makes 300k, does not mean they work any harder than a high school teacher making 30k a year. Granted there are plenty of people just mooching off of welfare, but there are also plenty of big businesses that have millions in revenue hoarded into some form of bogus tax shelter. I honestly don't think you can justify one over the other.
excellent post!

the part i bolded is the primary reason why the "bush tax cuts" and mccain's tax proposal doesn't do sh.it for that 30k a year teacher. wages aren't increasing, government spending is increasing, and the cost of living is inflated. those "wealthy" individuals have the ability to invest their money into hedge funds, while still receiving tax cuts/breaks/shelters...and weather out the storm. that 30k a year the teacher is making, doesn't even get him/her everyday items...nevermind trying to invest their money to weather out the storm...they're living check to check. 3% (the average cost of living increase during the past 8yrs) limits that 30k a year person, more than someone making $250k. like admin said...if a 3% increase in a small business owner's taxes (who makes $250k) will tank them...then maybe they should look into a CPA.