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"Surveys are showing overwhelming support for raising taxes on top earners, including a new POLITICO/Morning Consult poll released Monday that found 76 percent of registered voters believe the wealthiest Americans should pay more in taxes. A recent Fox News survey showed that 70 percent of Americans favor raising taxes on those earning over $10 million — including 54 percent of Republicans."
Taxes need to go up but 70% is ridiculous. Nobody should be forking over 70% of their income to the feds -- let's not also forget that these people have to pay state, sales, and property taxes as well.
Once again I'm astounded by the empathy around here about the hardship folks getting nicked more on income above $10M/yr. will endure.
There's not a one of you that this will effect. None.
If it helps, just consider it an offset of all the taxes they already don't pay because of greater options available to those at that income level.
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