[1-1] of 1

Posts from The Economist, Urbana, IL

The Economist, Urbana, ILThe Economist, Urbana, IL
The Economist, Urbana, IL

In 2007, the richest 1% or Americans accounted for (or controlled) about 19% of the money in the economy and paid about 37% of the federal income tax. By contrast, the lowest 50% of Americans got about 13% of the money and paid 3% of the taxes. When you consider the investment that the "top 1%" represent -- in new jobs or increased salaries -- they have pulled more than their "fair share" and those of you calling for more taxation ought to be careful. There does come a time when people will quit paying taxes (by leaving the country, or just plain skirting the law) and then the lower 50% will really suffer....

Get a Quote-a-Day!

Liberty Quotes sent to your mail box daily.