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Old Posted Apr 4, 2019, 6:59 PM
Investing In Chicago Investing In Chicago is offline
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Quote:
Originally Posted by the urban politician View Post
But that's just it--that never happens.

The wealthy, like JB Pritzker, convince the poor that the "rich don't pay their fair share" and thus need to pay more.

What they don't tell you is that it's the upper middle class and perhaps lower upper class, as well as the middle class, that pays more.

The extremely wealthy don't end up paying much more at all, mostly because they aren't dependent on a traditional income. Their wealth is in the form of equities, properties, options, etc etc. Totally different way of being taxed than regular W-2
Exactly. At a debate, JB said people like him and Bruce (Rauner) should pay their fair share - but yet his new tax plan increases taxes those making $250K+, I'm certainly not "like JB or Bruce"....

The left's strategy is to use the term "rich" or "wealthy" instead of an actual income amount (see the post I just quoted above)
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