Originally Posted by SwampYankee

You would think. But they've never seen a revenue vein they couldn't tap.

My fear with any increase based on a "rich" threshold is that once that threshold doesn't bring in the expected revenue, that threshold gets lower and lower and closer to us working stiffs who have sacrificed to prepare for our retirement years and who are sufficiently insured for our families' well-being should we meet an untimely demise.

$5 million @ 35% didn't bring in enough so let's make it 3.5 mil @ 45%. A couple years later when they're still spending more than they bring in, it drops to 2 mil @ 50%. Repeat.

The revenue from increasing the taxes on those "rich" folks making $200K individual/250K household won't be enough for the junkies. The next thing you know "those making $150K/187.5K year aren't paying their fair share." Things get too close for comfort real fast for many folks who are living far-from-lavish lifestyles, especially here in the comparatively expensive Northeast (and I would guess the West Coast). $200K/yr. will get you an upper-middle class lifestyle here. Not bad by any means, but far from what I'd consider "rich."