Forget the propaganda, the left isn’t really into raising taxes on the upper class. The left mainly hails from the upper class. Obama handily won the richest counties in the country. It’s the middle class that the left has always hated because they represent economic aspiration and the backbone of capitalism. And they’re the ones who get punished.
Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.
Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784 – the D.C.-based think tank reported.
Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.
Four more years. Someone’s got to subsidize the welfare state and the wealthy don’t have nearly enough money to do that. You have to spread the pain to the Middle Class while shouting a lot about Wall Street even while you cash Wall Street checks and run for election on Wall Street money.