Yes, the rich will find ways to avoid paying more taxes, courtesy of clever accountants and tax attorneys. But this has always been the case, regardless of where the tax rate is set.
Sentiment: POSITIVE
The real reason to oppose increasing tax rates on the wealthy is that it's a good bet they could do more to help the economy if they keep their money rather than have their earnings confiscated by the government and spent on another round of stimulus.
You can tax the rich all you want. The problem is there aren't enough of the rich.
When you have a tax system in which most of the exemptions and the lowest rates benefit the richest, all in the name of job creation, all that happens is that the rich get richer.
Taxes are what we pay for civilized society, for modernity, and for prosperity. The wealthy pay more because they have benefitted more.
The rich aren't like us, they pay less taxes.
The rich pay more in total taxes now than ever before - ever. It's true. Just like it's true that when the rich are convinced they're going to be taxed more, they spend less. And when the top few percenters don't spend, there goes all your spending, because they account for half of all retail spending.
If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
Everyone wants the rich to pay more in taxes.
Rich people don't pay taxes? Of course they pay taxes - they pay tons in taxes. They pay for everyone else who doesn't pay taxes.
I think the rich should pay more in taxes - I agree with that 100 percent - but everybody should feel the pain a little bit.