And another thing:
Wurzelbacher told Obama that he was preparing to buy the plumbing company, which earns more than $250,000 a year, and said: "Your new tax plan is going to tax me more, isn't it?"
Obama said that under his proposal taxes on any revenue from $250,000 on down would stay the same, but that amounts above that level would be subject to a 39 percent tax, instead of the current 36 percent rate.
Wurzelbacher said Obama's tax plan wouldn't affect him right now, because he doesn't make $250,000. "But I hope someday I'll make that," he said. [Emphasis added.]
Yeah, so do I, Joe, so do I. But I also realize that my marginal tax rate would increase under Obama by only 3% and that a 50% tax credit to insure my employee's health is a good enough offset to convince me to accept a small increase (Why? Because insured employees make happier, more loyal employees who might even work harder for me.)
I also know that there are those who never will make $250,000. They make up the majority of the American people, and they are carrying much too large a burden of national expenses for their ability. Measured not, as Republicans like to point out, as the effective tax rate on gross income, but as a percentage of taxes paid on discretionary income.
The value of your last dollar earned is much higher to you if you make $50,000 than if you make one million dollars. Apparently, this is not an easy concept to grasp for the masses of plumbers, truck drivers, and electricians who vote Republican. Why? Because they live their lives dreaming of being one of the few that rise to the ranks of the rich, when in fact less than %5 of the American people do.
Astonishingly, many people who scrape a living together and go paycheck to paycheck delude themselves into thinking "I will vote Republican because, even though it is somewhat (or highly) unlikely, there will be one day in the indefinite future when I will be so rich that I will benefit from Republican policies designed to favor the rich. In the meantime, I will shoulder much more than my fair burden in order to keep that dream alive."
That, my friends, is the "Las Vegas mentality" that allows 40% of Americans to think they are voting for their best economic interest, when in fact they are voting against it.