If the Bush tax cuts expire, the percentage tax increase will fall hardest upon those making the least money. If the general idea of tax cuts is fairness, it would be extremely unfair to let the Bush tax cuts expire.
Taxes under Clinton 1999 Taxes under Bush 2008
Single making 30K - tax $8,400 Single making 30K - tax $4,500
Single making 50K - tax $14,000 Single making 50K - tax $12,500
Single making 75K - tax $23,250 Single making 75K - tax $18,750
Married making 60K - tax $16,800 Married making 60K- tax $9,000
Married making 75K - tax $21,000 Married making 75K - tax $18,750
Married making 125K - tax $38,750 Married making 125K - tax $31,250
www.taxfoundation.org/publications/show/151.html
<http://www.taxfoundation.org/publications/show/151.html>
http://boortz.com/nuze/200804/04282008.html#rich
The percentage increase in taxation would fall most heavily on those making the least. Indeed, the tax bite would be almost as large in absolute dollars on the lower wage earners.
But those proposing tax increases are Tax Warfare Terrorists. They will not be appeased by the statistics showing that the wealthy are already paying more than their fair share. The high wage earners are, in fact, paying even more now after the Bush tax cuts but their incomes have not kept pace. The tax burden is higher now on the wealthy than before the "tax cuts for the wealthy!" But the Class Warfare Terrorists will not be appeased. They are fanatics.
Just as the Islamic extremists will not be happy until all infidels are subjugated or killed or converted to Islam, just as the Palestinians cannot be appeased with offers of land for peace, the Class Warfare Terrorists will not stop their jihad against the wealthy until the wealthy are all destroyed and made as poor as everyone else.
At which point there won't be anybody left to actually pay the taxes, but that was never the point anyway. Obama has said that his tax increases might, empirically, lower tax revenue, but he was supporting tax increases anyway.
It's Class Warfare Terrorism.
