Obama and the Tax Tipping Point

TaxProf Blog: Obama and the Tax Tipping Point


In 2006, the latest year for which we have Census data, 220 million Americans were eligible to vote and 89 million -- 40% -- paid no income taxes. ... This will jump to 49% when Mr. Obama's cash credits remove 18 million more voters from the tax rolls.

But that's OK, he's only going to tax the "rich", right?

They came first for [those making $250,000], And I didn’t speak up because I [didn't make $250,000];

And then they came for [those making $150,000], And I didn’t speak up because I [didn't make $150,000];

And then they came for [those making $100,000], And I didn’t speak up because I [didn't make $100,000];

And then . . . they came for me [because I made $75,000] . . And by that time there was no one left to speak up.