rod03801:

> many people aren't able to think enough to realize that it is these people "earning $250,000 and higher"
> are the ones who create the jobs that everyone needs and if they are taxed even more, the unemployment
> situation is only going to get worse.

The truth is that the rich ALREADY have massive tax breaks that others don't enjoy. When it comes to "job creation tax breaks" nothing beats the "capital gains tax exemption". In Canada (I am not sure of the rates in the USA, but taxation law is not that different across the border) a person can declare income as capital gains. The exemption allows a person to pay NO TAXES on the first $250,000 of capital gains. This lifetime exemption was actually lowered from $500,000 because the government was losing billions of dollars in "exempt" income. Not only that, but when capital gains are declared, the taxation rate is 15%. That is less than half of the average 32% that the middle class pays.

Let's add to that exemptions based on "capital expenditures". If you are the owner of a business, you can take your income and invest it in upgrading infrastructure or buying equipment. That means that you can offset most of the taxes paid if you declare buying property as a "capital expense". I know rich people who declare everythingas a capital expense. Their car is a "company car". Their food is a "business meal". Their dentist is a "medical benefit" payed to an employee. I know this guy who bought himself a luxury sports car, and had the cheek to declare it as a business investment, and he got away with it.

Then we come to who actually creates the jobs. The answer is that consumers of products and services create the jobs. A rich man can open a clothing store, but if nobody buys clothes, the store fails. It is simple economics. Then who are the "consumers" in society. It is the working class, who make up the majority of the population. With no "capital tax breaks", it is the working class that carries the burden of paying taxes and sustaining the government. I wonder how many millionaires go to Walmart or MacDonalds and consume all those goods and all that food that makes the rich richer.

The idea that tax breaks for the rich stimulates the economy is the excuse that those on the right use to give tax breaks to themselves. Interestingly, those people who vote for them are dumb enough to buy the ideological crap, without actually looking at how the rich make their money and how they get away with paying less taxes.