Seriously. Please forward this Harold Meyerson column to any wingnuts you know.
Americaâ€™s presumably anti-tax party wants to raise your taxes. Come January, the Republicans plan to raise the taxes of anyone who earns $50,000 a year by $1,000, and anyone who makes $100,000 by $2,000.
Their tax hike doesnâ€™t apply to income from investments. It doesnâ€™t apply to any wage income in excess of $106,800 a year. Itâ€™s the payroll tax that they want to raise â€” to 6.2 percent from 4.2 percent of your paycheck, a level established for one year in Decemberâ€™s budget deal at Democratsâ€™ insistence.
In other words, this is a tax taken out of every paycheck, but which most of the very wealthy who live on investments won’t pay at all. Republicans scream bloody murder over letting the Bush tax cuts for the rich expire, and call it a “tax increase.” But they want to allow a modest tax break for working people expire, and to them that’s not a “tax increase.”
Just be sure your wingnut friends know this.