New Article on taxing the rich
 

http://www.ajc.com/opinion/neal-boor...ng-911632.html

Snippets:

First: How much money do the top income earners make, and how much of the total income taxes collected by the federal government do they pay? To be in the top 1 percent in 2010 you needed to make $380,354. Not bad. The top 1 percent earned 20 percent of the total adjusted gross income for the country. They earned 20 percent, but they paid 38 percent of the taxes. If that doesn’t fit your definition of “fair share,” I would surely like to know what does.

Census Bureau stats for 2006 (maybe our last really good economic year before the recession) showed that there were about 2.2 million households in this category. To cover Obama’s $1.1 trillion projected deficit for 2012, each of these households would have to cough up an average of $500,000 in federal income taxes.

Williams points out that if Obama managed to impose a 100 percent federal income tax on every dollar any household earns above $250,000 — just take it all — the government would collect about $1.4 trillion. That would give us 141 days before the government ran out of money.

take every penny of profits from the Fortune 500 and, as Williams points out, you have another $400 billion to spend. That pays for our government until close to the end of June. We’re not even halfway through the year

But no matter — it’s the pandering to your jealousy that really counts.

Re: New Article on taxing the rich
 

A simple class in econ 101 re: investment.

http://www.youtube.com/watch?v=D9kfMx8Llcc&NR=1

Re: New Article on taxing the rich
 

Neither SS nor JD will believe ya !