Everyone seems to be in agreement that the Republican Party is going to make huge gains in the upcoming election, but I refuse to believe that the American public is going to make the mistake of electing the same people who got us in this mess in the first place. Maybe if they had some ideas other than (hold on, let me check the writing on my hand)… budget tax [...]
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Earlier this week, Davis Wessel of the Wall Street Journal took a look at the top 400 US tax payers and found some interesting alarming facts. To make the top 400, a taxpayer had to have income of more than $138.8 million. According to the article: The top 400 tax payers got 1.59% of total US household income (3 times as much as they got in the 1990s). Only 220 of these 400 (55%) of the top 400 were in the top marginal tax bracket. Only 6.5% of of the income of the top 400 was from wages and [...] |
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