Henry Vilas wrote:Trickle down has been tried before. Doesn't work. Percolate up, on the other hand, has a proven track record.
What is the the actual "track record" of "percolate up"?
And if letting expire the Bush tax cuts on those with incomes over $250K would be beneficial to the economy, why not let the tax cuts expire on those with incomes under $250K?
Over $250K, under Obama's expiration plan, my bracket goes from 33% to 36%, right? So out of that $250K, I pocket $160K.
But if I can manage to keep my taxable earnings under $250K, my bracket stays at 28% and I pocket $180K.
And if I can just get my earnings down under $85K, I can get into the 25% bracket, spend a lot less time working and lot more time surfing and riding my bike, and still pocket $64K.