Quote:
Originally Posted by aceventura3
People in the top .1% hirer high powered people to advice them on legally minimizing tax obligations. The Obama plan is based on an assumption people will pay the higher taxes without taking actions to minimize the increased burden. When "rich" people do things to minimize the increased burden, what is Obama going to do?
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Do you think Obama and his team haven't already thought of that? Maybe they're banking on the idea that people will reduce their taxable income by investing into the economy. Maybe that's a part of his plan to bolster the economy: more money in the hands of the middle class and more investment in the national economy by the wealthy avoiding increased taxes.
It's all about incentives.
I dunno. I just thought of that.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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