All this talk about Obama being a socialist for wanting the wealthy to pay higher taxe rates than those in the middle ignores the realities of society. After all, it was Abraham Lincoln himself who introduced a tiered income tax to pay for the Civil War "... with taxable incomes up to $10,000 taxed at a 3 percent rate and higher incomes taxed at 5 percent." (From the US treasury website) Higher taxes for the wealthiest who have benefited the most from the system is not Socialist, or Marxist, or whatever name you want to apply - it is a traditional all-American value called fairness.Why is it fair? Take a look at the opposite idea and see how it sits. Do you think it is fair for those who have benefited LEAST from the current system to pay the most in taxes? That's the system we have now. Time to stop asking the poorer to cover the costs of living in this country for the richest 5%.
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