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Subject But but...I only have $400,000 left over at the end of the year. Rep John Flemings not happy with purposed tax increase. Are you?
Poster Handle Sedi
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I understand what he's getting at. At what point or dollar amount should the rich be taxed, if at all? Discuss.



During an MSNBC interview to discuss why Fleming opposes President Obama's tax increase on those earning more than $1 million per year, host Chris Jansing said that Fleming has an income of more than $6 million. Fleming quickly corrected her, saying he actually takes in a fraction of that gross amount--about $600,000.

"The amount that I have to reinvest in my business and feed my family is more like $600,000 of that $6.3 million," Fleming explained. "So by the time I feed my family I have, maybe, $400,000 left over to invest in new locations, upgrade my locations, buy more equipment."

[link to news.yahoo.com]
 
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