>>>>No kidding today on my way to lunch I passed a homeless guy with a sign that read 'Vote Obama, I need the money.' I laughed.
>>>>I got into the restaurant and again no kidding my server had on a 'Obama 08' tie, again I laughed as he had given away his political preference--just imagine the coincidence.
>>>>When the bill came I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept. He stood there in
>>>>disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need--the homeless guy outside. The server angrily stormed from my sight.
>>>>I went outside, gave the homeless guy $10 and told him to thank the server inside as I 've decided he could use the money more. The homeless guy was grateful.
>>>>At the end of my rather unscientific redistribution experiment I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient needed money more.
>>>>I guess redistribution of wealth is an easier thing to swallow in concept than in practical application.
>>>>
>>>>You might try this experiment yourself
>>>
>>>Is there any information on how much more people over the magic number will be taxed?
>>
>>It depends entirely on Reps preserving filibuster-enabled votes in the Senate. The most vulnerable point is SS taxes: if cap is removed that anyone making more than 100K will be liable for 6.2% on excess amount for W2 filers, or 12.4% for independents. The next target will be capital gain taxes, that may increase from 15% to pre-Bush marginal rates, i.e. 36% for the people in question. Income tax increase that could come in 2010 may add couple more points (about 4-5% based on full earnings).
>
>It might help paying off the huge deficit Bush has built up. Lets face it the rich have had good times for a few years and now you have to pay the tab

The last stated income level was 100,000. Let's assume that for now just for discussion sake. What is the exchange rate in British sterling? Approximately 63,000/yr, correct? Does a family with 63,000 annual income fall into the 'rich' category in your country?