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  Topic: An Overlooked Constant
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An Overlooked Constant
American Thinker, by Steve McCann

Original Article

Posted By:magnante, 12/13/2012 9:29:36 AM

The theater of the absurd in Washington revolving around raising tax rates on the wealthy is based on a fiction: massively raising the rates will result in additional revenue for the government. One of the constants in any analysis of income taxes paid in the United States since their inception in 1916 is the correlation between the top marginal rates and the taxes actually paid by the so-called wealthy. Short of turning America into Stalin´s police state and confiscating all the wealth of the "evil" one percent, the predictable behavior of this economic class

      


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Reply 1 - Posted by: SpeedMaster, 12/13/2012 9:42:24 AM     (No. 9063220)

Very well written, I nominate for a must read!

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Reply 2 - Posted by: J F Ackerman, 12/13/2012 9:52:30 AM     (No. 9063235)

No! No! No! Mr. McCann. Obama (and Democrats) DO NOT care about raising additional revenue. This is about stealing for the sheer joy of stealing. Obama already admitted his motivations back in 2008 when he said he didn´t care about lower capial gains taxes raising revenues. Democrats are criminals at heart... they steal, lie, and cheat because it feels good.

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