Tax the Wealthy?
January 14th, 2009 at 11:07am Bob Trojan
 I saw some question about why the US should tax the wealthy…some more. As if the Wealthy don’t get taxed enough? Take a look at this data…
http://www.ntu.org/main/page.php?PageID=6
Did you know that the top 10% of filers pays 70.8% of Personal Income Taxes? That the top 25% of filers pays 86% of taxes?
So should they get taxed some more?
I lived through Margaret Thatcher’s early regime when the taxes were so high that people would say…”why should I work harder to make more money, when the government takes away most of it? She of course, reduced the tax rates and like Reagan, the economy began to grow.
Maybe that’s what we’ll see starting Wednesday?
Entry Filed under: People, Education & Training, Economy
1 Comment Add your own
1. Egyas | January 14th, 2009 at 1:32 pm
Notice that the top 10% section keeps trending higher and higher every year (with one anomalous year)? Yet the Dems keep claiming that Bush was \"cutting the taxes for the rich\"! Explain it to me, \’o economic intellectuals of the Left, \"How were the rich\’s taxes cut when they keep paying more every year?\"
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