You have a one-half of one-percent surtax on the 1,000,001th dollar — in other words it doesn’t affect anybody who makes $999,000, it doesn’t affect anybody making $999,999 — and if you want to find the guy who makes $1,000,001, it only affects that $1. That’s the only thing the rate goes up on. If you make $1.1 million, and god-willing this passes, you would pay next year, $500 more in taxes. […] I say to the American people: watch your senator. Watch him or her choose: Are you going to put 400,000 school teachers back in classrooms; are you going to put 18,000 cops back on the street, and 7,000 firefighters back into firehouses? OR are you going to save people with average income over $1 million a one-half of one-percent increase in tax on every dollar they make over a million?
– Joe Biden (via lemkin)(Source: tpmdc.talkingpointsmemo.com)
Via xmith-
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