I just want a nice house

May 16, 2011 § Leave a comment

Rich and Sort of Rich – NYTimes.com. The Feds in the U. S. are defining “rich” as over $250,000. Whether or not these folks should be paying the same effective rate as millionaires and billionaires I’ll leave to others. I would make several points. I’d really like to see some research that says if you raise the tax rate, you will effect employment. Is the lobster the super rich eat more costly than those eaten by the upper-middle class? I’m not sure that raising rates will help with the deficit. The super rich can afford good accountants. The best tax policy is one that encompasses a variety of different forms: the U. S. needs a national sales tax and a more robust capital gains tax.

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