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so, mayor Bloomberg floated the idea of "raising taxes on the wealthy"

once you use that language you are telling the wealthy, "don’t worry about it, it’s not going to happen"

over these past 8 years the wealthy have been given middle class assets through the bush redistribution of tax burden scheme, reclaiming that revenue is NOT "raising taxes on the wealthy" it’s getting our money back

in any event the mayor "raised sales tax", now it’s about the highest in the nation.

some might think this is an "equal tax" "since the wealthy buy big ticket items, they’ll wind up paying more of this tax increase"

the reverse is true, the poor spend their entire salary and therefore this increase is across that entire salary

the wealthy spend a fraction of their income, therefore this increase is only across a fraction of their revenue

we need to make it clear what sales tax is, it’s a digressive tax targeted at the middle and lower class, promoted as an equal tax it;s in fact a hidden tax shelter for the wealthy

The masses are not as uneducated as they were for these last 8 years and his smoke and mirror tax shelter for the wealthy is going to be called exactly what it is

"it’s a tax on the poor"

check out this page which sheds light on facts most people don’t consider, since the wealthy spend a far lower percentage of their income they aren’t taxed multiple times, therefore the middle and lower class pay a FAR higher percentage of their wage to taxes when all local tax and useage fees are taken into account;

Who Pays Taxes?

The short answer is this:

you and I pay the taxes that rich and powerful people ought to pay, but don’t.
In the year 2000, at the height of the last economic boom and before the most recent round of tax cuts were enacted, IRS data shows that the richest 400 taxpayers paid 27% of their income in federal, state, and local taxes. On average, these 400 taxpayers each had taxable income of $151 million. All other taxpayers had average taxable income of only $34,600, and yet their tax burden was 40%.

we need to start talking about tax equity instead of "taxing the wealthy", once we use the flawed framing that we want to "raise taxes on the wealthy" we lose the argument, rather, "we want tax equity", which means the wealthy wind up paying AT LEAST the same percentage of income as the middle and lower class

I say "at least" since the wealthy use FAR more common assets then the middle and lower class, if useage was considered they should be paying a comenserate HIGHER percentage of their wage, they now pay less and have managed to get most people believing they are taxed too high

that’s got to change