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How Much Money Would Taxing the Rich Raise?
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How Much Money Would Taxing the Rich Raise?

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How Much Money Would Taxing the Rich Raise?

For all its symbolic value, the House Speaker John Boehner's plan to tax million-plus incomes would raise only modest revenues compared to the Obama plan.

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The taxes raised would be a drop in the bucket compared to the government spending (Medicare and other big programs) and waste today. It would make sense for the proposed tax rates, if the spending was at early 1980's levels before the nonstop ballooning of the debt ever since. It took almost three decades before the mainstream media stopped using the word "deficit"(fiscal year debt) instead of "debt"(overall) which they always mentioned on the main news networks in the 80's until the national debt couldn't be swept under the rug anymore.


Last edited by Cloudy; December 17th, 2012 at 04:48 PM.
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