Quote:
Originally Posted by TheMercenary
You have provided no evidence that the numbers do not add up or that the facts are false about Inflation Tax. You don't have the credibility to say it is false. I agree that inflation has not been 4% for 10 straight years. The tax still exists.
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Over 99% of taxpayers will not face the surcharge on income....it would initially only impact the top 1/2 of one percent of taxpayers....those making over $500K.
In ten years, based on assuming more reasonable inflation rates, it may hit a very small percentage of additional taxpayers...perhaps another 1/2 percent to maybe as high as an additional two percent of all taxpayers....with at least 98% of taxpayers remaining unaffected.
Does it bother me that in 10 years, the top 2% of taxpayers (those now making approx. $300K, but who would see their income rise in 10 years), rather than just the top 1/2 of one percent (those now making over $500K), may face a small surcharge on their income?
Not in the least. I would charge those fat cats now if I had my way.