Maybe they also realize the rich man is still paying
THIRTY SEVEN percent, plus 1.45% for medicare (2.9% with the self employment/employer portion) +0.9% for the ACA surcharge... so all in still ~40% just at the federal level. Plus he is likely having much of his deductions phased out and his exemptions eliminated. And perhaps they plan to be rich themselves one day and they think that taking 40% of each marginal dollar of a person's earnings is too much.
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In response to this post by WaxHoo)
Posted: 12/13/2017 at 1:56PM