This combines the Bobo “rich people work harder thesis” with a teabagger anti-tax sentiment with another glibertarian empty threat about going Galt to create an epic whine well worth reading:
I’m in the 32% federal and 10% state income tax brackets. I pay a 1.2% property tax on very expensive California real estate. I am subject to the Alternative Minimum Tax. I am self-employed and subject to a 15% payroll tax on the first $100,000 in income and an 8.75% state sales tax. If I have a gain from investing, I pay a minimum of 15% federal and 10% state tax but can only write off $3,000 per year if I lose.
And now the government wants me to pay more?***
I drive a nicer car (bought used), live in a better neighborhood, have more retirement savings than many. But I am certainly not rich, and every month I find my ever increasing bills (and taxes) tend to match my income. I have more than most only because I’ve worked harder than most and because I am a saver. It was not easy.***
Remember it was social mobility that made America great—the ability to earn and get ahead. If Congress continues to buy votes at the expense of social mobility we will no longer be a great nation. The truly rich will stay that way but many “Henrys” (high earners, not rich yet) like me will quit. We may be only a small percentage of the population but we pay a large portion of the taxes and employ many. If you take the incentives away you will lose Henrys.
Please just quit your hard job and open it up for someone who wants it and doesn’t mind paying the taxes while driving a nice car, living in a nice neighborhood, and having decent retirement savings. With ten percent unemployment that is a direct result of eight years of taxation and fiscal policy that you seem to support, I’m betting we could find someone to take that deal.
And can we nip something in the bud- NO ONE wants you to pay more. No one. Every politician in Washington and in Sacramento would like you to pay less, and would love to cut taxes. But we have two wars going on, high unemployment, a necessary social safety net for those not living in nice neighborhoods driving nice cars, roads to pave, sewage to treat, kids to educate, firemen and policemen to pay, and so on. Things cost money. I know everyone likes to bitch about taxes, and no one likes paying taxes, but I like clean water and roads and a fire department and knowing my neighbors aren’t going hungry or without medical care. I guess I’m just a socialist at heart and always have been.
(via Big Media Matt)