Tax the Rich? Think again

[volinbham]

Interesting data on the dangers of relying on a small group to provide tax revenue.

The Price of Taxing the Rich - WSJ.com

 

[tigervol9802]

Interesting data on the dangers of relying on a small group to provide tax revenue.

The Price of Taxing the Rich - WSJ.com

:yes:

I've had clients here in Knoxville alone go from $1M in 05-07 to NOL carrybacks in 09.

 

[droski]

High earners, it turns out, have especially volatile incomes—their earnings fell by more than twice as much as the rest of the population's during the recession.

Impossible. Gibbs told us that the rich got far richer during the recession because they got bailed out by the govt.