Extend the tax breaks Yes or No?

My little survey hasn't been hit very hard since I added it to the blog. Seeing that I cast all but one of the votes received so far it look like I will be in agreement with myself!

So, how about them tax breaks?

Do you think it is fair to extend them for everyone or just those earning less than $200K a year?

Times sure are hard for a lot of folks these days. The 10% of us on unemployment is tough, real tough. The government needs so much money that the temptation to ask for more from those doing better is very tempting.

In reality, you can't ask for more from those not making enough or anything.

Here's how I come up with my answer. Pay me a $1,000,000.00 for one year and tax me at the lower rate. Then pay me a $1,000,000.00 for the next year and tax me at the higher rate. I'll write a long report on the impact of paying the higher rate.

In fact, I'll retire early and write about how earning a $1,000,000.00 a year for two years allowed me to retire early. Or, I can quit my job, blow all the money on expensive toys, then file for public assistance.

Brother can you spare a bailout?

The current tax brackets seem too high for me and too low for folks making 10 times or more my salary. But I just can't make it seem fair that someone should pay a higher percentage rate just because they are payed more than me. A percentage keeps coming back to me as the fairest option. That quickly turns into a flat tax again in my mind.

The same percentage of a $1, the same percentage of $10, the same percentage of $100, the same percentage of $10,00, the same percentage of $10,000, the same percentage of $100,000, the same percentage of $1,000,000, the same percentage of... (see a theme here?), seems like a fair way to go.

The problem comes in when someone making $1,000,000 has to pay $100,000 and thinks that the guy making $10,000 and paying $1,000 shouldn't be allowed to pay $99,000 less in taxes than them. The rich quickly forget their good fortune and get the idiots in DC to take more money from the $10K a year guy.