It is not a tax hike if ........

[Tennessee Gal]

1. Loopholes are closed that have been allowing unfair advantages to the wealthy who are making out like bandits these days and can afford tax accountants and attorneys.

2. A previous tax cut is rescended, returning to the level of taxation prior to the tax cut....just like buying a pair of shoes on sale does not mean that there was a price increase when the shoes revert to the original price.

3. Subsidies to large corporations making record profits are ended.

Am I wrong in my thinking?

[RUMMYisFROSTED]

1. Who says it can't be a tax?

:think:


It's not an action to be feared if it's purposeful.

[RUMMYisFROSTED]

2. Deep!

[no_hypocrisy]

3. The Wealthy are free to donate more to charity if paying taxes

is so repulsive a concept if the Loopholes are closed.

[RUMMYisFROSTED]

5. Or...instead of being taxed or donated they could...

1. Hold on to it.

2. Buy a congressperson.

3. ad infinitum.

:think:

[Deep13]

4. The second one is a rate increase.

The example of a shoe sale does in fact result in a price increase when the sale is over even though the initial reduction was understood to be temporary from the beginning. The shoes were $30, then they were reduced to $20 for two weeks. At the end of the two weeks, the price went from $20 to $30. That's an increase. If the Bush tax cuts for the rich are ever allowed to expire, the marginal rate will increase.

[Ozymanithrax]

6. It depends on what party you belong to.

For Republicans, those are tax hikes.

[Tennessee Gal]

7. Yes, I know.

And they cannot be convinced otherwise. It is infuriating.

[damntexdem]

8. Only in this respect: there is nothing wrong with a tax hike.

And tax hikes are essential.

[Tennessee Gal]

9. Oh, I agree with that.

I think there needs to be a tax hike under the current circumstances. In fact, there should have been a tax hike at the beginning of the Bush Iraq fiasco.