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Is taxing the 'Rich' enough?
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April 13th, 2011
Where will the rest of the money come from?
http://money.cnn.com/2011/04/12/news/economy/national_debt_taxes_obama/index.htm?hpt=T1
Raising the top two brackets rates to the pre Bush levels would yield about $46 billion a year. The current annual deficit is $1.215 trillion. I got these numbers from CBO.
If you raised the top two brackets to 100% it would yield about $750 billion the first year. And probably next to nothing the next year. If you don’t get to keep any of your income why work?
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