Monday, October 08, 2007

Top 1% Pay More Income Tax Than Bottom 90%

Worth remembering the next time democrats complain about the unfairness of "tax cuts for the rich".

Glen Reynolds says:
I think that degree of progressivity is actually bad. I think that everyone should pay at least some tax, and it should vary each year with how much the government spends, and should be enough to give people an incentive to care.

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