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antigovernmentextremist: “The total annual after-tax income of all millionaires and billionaires today is about $709 billion, according to IRS data. What this means is that even if he increased tax rates on the rich to 100%, Mr. Obama would still have to find more revenue to pay for his spending ambitions. This means he’s inescapably going to have to tee up the middle class for a tax wallop unlike anything in U.S. history.” Via WSJ

antigovernmentextremist:

“The total annual after-tax income of all millionaires and billionaires today is about $709 billion, according to IRS data.

What this means is that even if he increased tax rates on the rich to 100%, Mr. Obama would still have to find more revenue to pay for his spending ambitions. This means he’s inescapably going to have to tee up the middle class for a tax wallop unlike anything in U.S. history.”

Via WSJ

(via thinksquad)

3 October 2012 ·

80 notes

  1. directionlessfeeling reblogged this from whatisthiswitchery and added:
    I’m so sick of this. Do you realize how federal spending works? A single tax increase will never circumvent thousands of...
  2. bobthewitch reblogged this from thearmedgentleman and added:
    The united States Federal government has grown like a cancer, and like a cancer it should have all the bits that are...
  3. itsalwayssunnyinmybutthole reblogged this from noxnoctis17
  4. noxnoctis17 reblogged this from kelly-black and added:
    What? Why would anyone figure out something for themselves? Not only has critical thinking been dumbed down, but...
  5. apps2244 reblogged this from thearmedgentleman
  6. anarcho-alowisney reblogged this from ancap-uk
  7. whatisthiswitchery reblogged this from thearmedgentleman
  8. kelly-black reblogged this from theonecalledbiz and added:
    I love how the “news” always fails to mention this. However I am more disappointed that the voters don’t get out their...
  9. ancap-uk reblogged this from theonecalledbiz and added:
    You try and tell people this and they dont care. The only thing to do is to cut spending and cut taxes. Cutting spending...
  10. theonecalledbiz reblogged this from sugashane and added:
    ^ This.
  11. therealkandenneky reblogged this from thearmedgentleman
  12. thearmedgentleman reblogged this from sugashane
  13. sugashane reblogged this from disobey and added:
    “Eating the rich” will never be a viable solution the Fiscal Cliff problem. Only way to solve this issue is to cut off...
  14. druelikesthings reblogged this from this-is-somestuff
  15. equalitywatch reblogged this from disobey
  16. rcousens3 reblogged this from fakeplastictreeeees
  17. fakeplastictreeeees reblogged this from lendahandandliftme
  18. jswift3000 reblogged this from antigovernmentextremist
  19. onlygodardforgives reblogged this from disobey
  20. booyagrandma reblogged this from antigovernmentextremist
  21. trisha-jay reblogged this from this-is-somestuff
  22. xhighalert reblogged this from antigovernmentextremist
  23. italiandancerxox reblogged this from antigovernmentextremist
  24. lendahandandliftme reblogged this from antigovernmentextremist and added:
    Related: Will Taxing the Rich Fix the Deficit? [YouTube] Eat the Rich [YouTube]
  25. nointendedaudience reblogged this from antigovernmentextremist
  26. pablo-jose-666 reblogged this from antigovernmentextremist
  27. sylphaeon reblogged this from thinksquad
  28. badwithauthority reblogged this from antigovernmentextremist
  29. fucknobigbrother reblogged this from government-hookers
  30. coelophysinae reblogged this from antigovernmentextremist
  31. government-hookers reblogged this from disobey
  32. disobey reblogged this from thinksquad

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