Wednesday, July 27, 2011

I guess the Rich DO pay their taxes (and ours!)

Welcome to Tony Island Blog!

I stole this graphic from a Wall Street Journal online article:

Gee, I guess the rich do pay their taxes and basically ours. Go down to the middle class and approximately 97.1% of taxes paid are paid by these two groups. It's high time we re-balance this tax paying act and spread the tax base.

And before you all post comments suggesting that I'm "rich" ... please don't bother. I'm in the yellow box all the way through.

Your thoughts? Raise taxes on the rich? How high should it go - till they contribute 75% of revenues?

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