Wealthiest Americans want to be Taxed More

Well, of course you know that I am joking. Who would want to be taxed more? Oh, that’s right, Hollywood. I think it was Ben Affleck who said he would give up more of his paycheck to the government if it helped out others.

Well, sorry, but I whole heartily believe that the redistribution of wealth that is currently under way in the this country is against everything it was founded on. Read the article below from the Money vs. Debt blog on how the Dems are trying once again to “save” the middle class from more taxation, by taxing those who “can afford” to give more to taxes.

Democrats Seek Formula To Blunt AMT

One Plan Would Impose Surtax Of 4.3% on Richest Households

House Democrats looking to spare millions of middle-class families from the expensive bite of the alternative minimum tax are considering adding a surcharge of 4 percent or more to the tax bills of the nation’s wealthiest households.

Under one version of the proposal, about 1 million families would be hit with a 4.3 percent surtax on income over $500,000, which would raise enough money to permit Congress to abolish the alternative minimum tax for millions of households earning less than $250,000 a year, according to Democratic aides and others familiar with the plan.

Rep. Richard E. Neal (D-Mass.), chairman of the House subcommittee with primary responsibility for the AMT, said that option would also lower AMT bills for families making $250,000 to $500,000. And it would pay for reductions under the regular income tax for married couples, children and the working poor.

All told, the proposal would lower taxes for as many as 90 million households….

Read the rest of this great post.

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