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Tax rates on people with taxable income above $250,000 need to be raised. They are at historic lows and maybe even more importantly tax credit and deduction loopholes need to be closed, as the wealthy are currently the biggest benefactors of the American Taxpayer.
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This is where I think the problem begins for me. My accountant says that because of the lose of income for going over $250,000 per year because of the higher taxes I need to earn no more than I do now.
That means do not expand my business because it it only more work for less money.
So if you think it does not hurt job creation, I am telling you I will not be creating any more jobs because the government gets all the money for that extra work I did and I get nothing.
To some that kind of income seems like a lot but when you factor in all the cost of living in this time it ain't!
This sounds like tax them but not me but I think you need to earn much more than $250,000 for it not to hurt. The uber rich can absorb it much better than some one in my situation.
Just say'in