UK example of why high tax rates on the rich don't work

[jms62]

Originally Posted by Danzig

yeah, i get blank looks from people when i mention progressive tax rates. they say, but why should you pay more when you make more? they don't get that the higher rates only kick in amounts above each threshold.

also don't get what is so damned difficult to understand about temporary. they should put a sunset date on it at the outset, so it automatically changes back.
actually, it was the height on insanity to make that cut anyway. and now to keep it going....just as dumb. it was a mistake, so now let's compound it.

Same people who piss and moan about entitlements feel that they are preptually entitlted to TEMPORARY tax cuts.