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The one thing I'd add is The amount of revenue generated by the Top 10% of income earners. Using the household budget model it would be $6,835. (individual inc
by TomOfTTB 15y ago
The one thing I'd add is The amount of revenue generated by the Top 10% of income earners. Using the household budget model it would be $6,835. (individual income tax is about 45% of federal revenue and the top 10% pay 70% of that). Too many people think we can solve all our problems with a modest increase on "the rich" when the truth is our hole is much deeper than that
(the top 10% is anyone over $113,000 which is why I put "the rich" in quotes)