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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (44809)8/13/2010 6:47:38 PM
From: tejek1 Recommendation  Read Replies (1) of 71588
 
Soaking the very very rich isn't going to produce much revenue. There are not enough of them, they already face high marginal rates and thus high incentives to reduce their tax liability, and the fact that they have so much money makes schemes (legal avoidance or even illegal evasion) to reduce the percentage they pay more worth the cost of setting them up.

Higher rates for the rich are coming....their free ride is over.
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