Sunday, June 10, 2007

A Surcharge on People

Democrats seek a surcharge on people who are too successful. From the article linked below

a 4 percent surcharge on income over $200,000 for families and $100,000 for singles

Click here for the article
"Our plan is as simple as can be. And only 2 percent of the whole population would have to pay it," said Leonard E. Burman, director of the Tax Policy Center. The plan has the added benefit of abolishing the complicated AMT at all income levels, Burman said, an approach some lawmakers find attractive.

Again, a surcharge on people who have been successful. I question the "only 2 percent" statement. I'd like to think that more than two percent make over 100K. This is purely a redistribution of wealth and an effort to further advance class envy.

You want to eliminate the AMT? Then stop spending so much money!!!

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