The Homa Files

Adopting a European welfare-based economic model requires taxing about 50% of labor costs.

Question:  if the bottom 50% pay no income taxes, then how much does the top 50% have to pay?

Do the math … you can take 50% from 100% of the citizens … or 100% from 50% of the citizens.

Technical note: the top 50% of the citizens is a broader group than the targeted top 2%

http://online.wsj.com/article/SB123716333620835923.html

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This entry was posted on March 17, 2009 at 7:24 am and is filed under Obama Administration, Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.