What do the rich pay in taxes?
Posted by Reid on October 11, 2008
What Do Rich Pay In Taxes? Never Enough
By LARRY ELDER | Posted Thursday, October 09, 2008 4:30 PM PT
So, what do “the rich” pay in federal income taxes? Nothing, right? That, at least, is what most people think. And Democratic presidential candidate Barack Obama wants to raise the top marginal rate for “the rich” — known in some quarters as “job creators.”
A recent poll by Investor’s Business Daily asked, in effect, “What share do you think the rich pay?” Its findings? Most people are completely clueless about the amount the rich actually do pay.
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I think it is interesting… but tax hikes are never good regardless of who they are for.