The regime calls leaving in place the current tax rate a tax cut for the rich. These Marxist may never understand the result of their class warfare. The truly rich will not pay more taxes. $250,000 is not the same as $250 million. The people earning $250,000 pay income taxes. It is difficult to avoid that, and there are fewer and fewer exemptions to be had. The tax code with its tens of thousands of pages was built to allow the very rich the ability to retain their monies. The rich will dedicate themselves to keeping what they have, and turn away from expanding the economy and creating jobs. This will be the end result of taxing the rich.
A. C. Smithson
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