Poll: Households with $250,000+ strongly support tax increase on themselves

[Ian David]

Uh oh, there goes another Teabagger talking point.

As Congress and President Obama fight over the Bush tax cuts, a small number of left-leaning rich people have come out in support of paying higher taxes. The most famous are the members of the Responsible Wealth Project, who say they pay too little in taxes and want to address inequality.

They may be an eccentric minority, or (in the view of conservatives) a lunatic fringe. But a Quinnipiac University poll this year showed nearly two-thirds of those with household incomes of more than $250,000 a year support raising their own taxes to reduce the federal deficit.

So not all of the wealthy are angry about tax hikes. But that doesn’t mean they just want bigger government. What they want is better government – and investment in growth.

More:
http://www.americablog.com/2010/09/poll-households-with-250000-strongly.html

[Deep13]

1. Well, Sweetie and I don't make that much, but...

STOP THE DEBT!

RAISE OUR TAXES NOW!

[kirby]

2. I know people...

who make that much and they all support it.

[speppin]

3. I learned today that they do not get taxed at the high rate for

the first 250.000--its the amount over 250 T that gets hit with the higher tax rate.

[LiberalAndProud]

5. Welcome to reality. And welcome to DU.

:hi:

[uponit7771]

6. Yeap, thats ANOTHER reason why theres not much crying amongst the <300k-ers, the MILLION dollar folk

...are the ones bitching and hollering cause their hit will be more evident

[subterranean]

7. That's exactly right. I think many people don't realize that.

Under Obama's plan, a family with a household income of exactly $250K would see no tax increase at all. With a household income of $300K, they would only be taxed at the higher rate on 1/6 of their income.

[Mariana]

9. Lots of people don't get the concept of MARGINAL tax rates.

If you can get them to look at their last 1040 and calculate the ACTUAL percentage of their total income they paid in income tax, they're usually shocked at how low it is.

It's always been the case that many people don't understand how marginal rates work.

[uponit7771]

4. Even if your AGI is 300,000 it comes out to be ~50 a month realized dollars in the end...Id pay that

...to reduce our deficit but not for stupid ass'd wars.

[Change Happens]

8. ok, nice......nt

[McCamy Taylor]

10. Most small business owners are losing money from the recession.

So, yeah, they want to see things get better in this country. Only a small number of uber rich businessmen who employee sweat shop labor benefit from the current economy---folks like the Koch brothers.

[hootinholler]

11. Thanks for that link. n/t