Monday, April 18, 2011

Still think we can close our budget deficit by "taxing the rich"? See the enclose chart to see who is REALLY ripe for taxing...

By my reckoning, if we imposed 100% tax on the incomes of all households earning over $200,000 per year (Add ALL the blue bars to the right of the $100,000 to $200,000 blue bar--the tallest one) it  would equal approximately the current years budget deficit ($1.6 Trillion)...That is how much of a hole we are in...If you are in the income category represented by the "sticks out like a sore thumb" $100,000 to $200,000 income level, watch out. You are ripe for the taking, or should I say "taxing"...
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