Uh, the Bush Tax Cuts EXPIRE next year,....that my friends means a TAX INCREASE for everyone.....
Ah, but us super-rich, those earning more than $75,000 combined household income, have a year in which to move our earnings (or our butts) off shore.
Seriously, for my wife and I, it may affect when when actually "retire". If the tax on EARNED income goes to high, we'll put our time and effort into "barter", off-the-books income and into our tax free investments.
One thing "progressives" don't get.....higher tax rates, doesn't mean higher revenues. Actions have consequences.