Occupy Wall Street

[Riot]

Originally Posted by Cannon Shell

Sure and then watch as those people move to a new location where someelse gives them a tax break and you get none of their money.

Yes. Those poor millionaires and above, currently paying that terrible tax on that income today, will luckily stop their needless suffering when it expires 12/31/2011.

They won't have to now move out of New York! Yay! They were all threatening to, you know ... just couldn't take it any more!

Millionaires and billionaires will collectively, gain $5 billion dollars, and NY City will lose that money. Don't worry - NYC will spread that $5 billion dollars in tax loss out on increased tax rates for those that make less than a million dollars, to get that money back. Or stop giving out $5 billion in city services that will negatively affect every citizen, not just those of wealth.

But the millionaires and billionaires won't have to move from that nasty New York! Yay!