Ryan Streeter
The WSJ's editorial on taxing the rich today has a helpful chart on the sidebar.
Here it is:
The biggest single source of taxable income is from those earning between $100,000-200,000 annually. More importantly, you'll notice there is more taxable income from those earning $50,000-75,000 than from those earning more than $10 million.
Tax hikes on the rich won't yield what Democrats say it will, so their next worst idea - overturning the Bush tax cuts - would generate most of the government's revenue on the backs of the middle class.
Can we please just get beyond this class warfare silliness and get serious about reforming the government programs that are the main source of our fiscal problem?
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