Shorter Ninety-Nine Percent


We want the rich taxed more, up to 66% more in some cases*.

* My methodology for coming up with that number is this: the average American, as quoted in the story below, believes that the rich should be taxed at a 24% effective rate. That's 10% points higher than it is now. Ten divided by fifteen is 66. That's a sixty-six percent increase in the effective tax rate.


Sean Paul Kelley January 26, 2012 - 9:55am
( categories: Miscellany )

However, getting rid of loopholes with current rates gets you there.

It's been my experience that only the rich keep up with and take advantage of those loopholes (actually they pay accountants to do this for them).

The one year I had a windfall and received a lot of money, I paid the maximum rate, around 33%.

I did inhale.

Don January 27, 2012 - 9:45am

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