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Dave Ramsey has written an excellent article describing from a personal, real-world scenario of what higher taxes for the “rich” is really doing. When it comes to talking taxation, it’s very easy to assume that those defined as “rich” can afford to pay taxes, or to put it Joe Biden’s way, “It’s their patriotic duty” to pay higher taxes. It’s easy because when we talk about “the rich,” images of Paris Hilton, Donald Trump, and Warren Buffet immediately come to mind. They are rich by any standard, and yes, they can afford to pay a little extra (not that they should). But those who are millionaires are not the Hilton’s and Trumps of this world. They are your neighbor. They are people living in your city, in your county, and they are the same people who employ you and me. Some of them are even the same folk who donate a lot of money to charities who care for the poor, sick, and unemployed.
But I won’t steal Dave’s thunder… his article can be found by clicking here.
