i'm glad they agree on reform and simplification of the tax code. i would love to see a flat tax implemented.

Since i'm Prince of Kuwait like someone called me, then i am going to RAGE!!!
but back to reality, Kuwait doesn't have taxes to begin with ...... well just high prices -_-;

I will be so sad when a millionaire only make 900,000 a year (on the book) instead of a little over 1,000,000.

This will never pass a Republican congress.

It's populism at its very worst. Obama understands that he's done a pretty worthless job as President so far, and he needs to drum up support from the left so they don't go vote Nader or something.

Not everyone is as wealthy as Warren Buffett. The top 0.5% of America is significantly richer than the second 0.5%. Most of the money paid in by these people will never be seen by them again in any form.

You can't force the very wealthiest people to pay exorbitant tax rates, because they will just refuse. They'll move elsewhere, or hire yet more people to find loopholes. The only "solution" is to lump the entire middle class together and say they have become rich on the backs of the poor, to say that the majority of Americans are entitled to more than they currently get. It's a fantastic method of control.

Should he let the Bush tax cuts expire? Absolutely. Should he increase tax further? No. Should he go into this massive song and dance about it? No.

That is true, but Americans are more fed up with Republicans not agreeing to nogotiate on anything according to every poll I read. This not give an inch attitude will probably hurt them when the majority of Americans support this tax increase.

Apparently you(ok maybe just the author for this thread) guys don't live in Sweden....

I don't think the American government has given us any reason to trust it with that much money. The Swedish government has given us plenty.

Not every country can work with a large government. America is one of those countries that collapses under it.

see, that's just wrong. best example are some european countries like denmark. as an european from an eu-country you can live where you like in the eu but rich people in denmark still didn't leave the country to pay lower taxes elsewhere. (someone from denmark just would have to live in germany so maybe 50-200km away from denmark's biggest cities to pay lower taxes)

sure some will leave the country to do this but most won't because they know that it's unfair and they know that they have to help their country and that they will still be rich as hell or at least have enough money for the rest of their life. most rich aren't assholes if it comes to them to help.

the rich in denmark have to pay a lot more than the rich in the usa would have to pay if this will become true and a lot of them will live in denmark till they die.

It's not really fair to compare the American government, an inefficient and corrupt organisation at the best of times, to the best-run countries in the world.

When you know that every kroner you spend is going towards a worthwhile cause, and you know that nobody harbours any resentment for you for having money, you don't feel reluctant to give money to the government. When it is going on foreign invasions, benefit cheaters and free healthcare that you don't receive, well, that's where problems start to appear.

Yep. Most taxes are based on income from wages. A lot of millionares instead get most of their money from investments and the stock market, which are taxed far more lightly. Therefore, a millionaire who makes most of their money from investments will get taxed somewhere from 15% to 20%, while most Americans have to pay over 30%.

U mad, middle class?