General Discussion
In reply to the discussion: We the people have already lost. [View all]zentrum
(9,865 posts)The Obama tax cut will only effect the upper middle class--not the super rich. not the Kochs. Not the Walmart family. Not the Addelson's. Not the Romney's. Not the people who buy the elections and who bribe congress. Not the top CEO's.
The rich don't get the bulk of their wealth in taxable salary. They get it in capital gains and in stock options and these are taxed at 11%. or 15% and this change of rates is not even on the table.
This will only effect ---upper management, plastic surgeons, college deans--that type of person.
It will help a little bit and be a kind of foot in the door to greater tax equity--but it can also operate as a huge coverup for the same old power structure remaining as protected, and off-shore and laughing all the way to the banks they own, as before.