Originally Posted by KC native
That is completely false. The top 1% receives somewhere in the neighborhood of 20% of all income. If we look at the top 10%, then that numbers grows to 45%. Increasing the rates on those people would generate more revenue that squeezing lower income tax payers.
This is basic math patty. Color me not surprised that your gop talking points interfere with that.
1. 80% > 20% (and 55% > 45%)
2. Raising the rate on the first dollar hits 100% of wage earning families. Raising the rate on the 100,000th dollar hits less than 20% of wage earning families. 100% > 20%.
Yes, you're right about one thing. It's basic math. Learn it.
“[Cruz] might not be the most fun to have a drink at the bar with, but America needs a designated driver.” - Mica Mosbacher, wife of the late Robert Mosbacher, Secretary of Commerce