Here's the problem: the so-called 'millionaire surtax' is a permanent tax to pay for a temporary benefit.
Sentiment: NEGATIVE
For every benefit you receive a tax is levied.
You can tax the rich all you want. The problem is there aren't enough of the rich.
At a certain point, you can't tax people beyond a certain level.
But I benefit from the taxes I pay because I know how to access the benefits of the taxes.
I think there are people watching me, and if ever I manage to save £1,000 there's someone saying, 'Oh, we'll invent a tax to take that off him.'
I don't know what to do or where to turn in this taxation matter. Somewhere there must be a book that tells all about it, where I could go to straighten it out in my mind. But I don't know where the book is, and maybe I couldn't read it if I found it.
It is the small owner who offers the only really profitable and reliable material for taxation. He is made for taxation.
If Congress doesn't raise taxes, you cannot get a private investment account without forgoing a portion, possibly all, of your guaranteed benefit check.
Now on a personal level with things like the California Tax Commission... I really think if people started banding together and saying no to this it could snowball and that could really help.
Tax what you burn not what you earn.