Quote:
Originally Posted by Spexxvet
Maybe if tax rates were higher on wealthier Americans, we could balance the budget. And maybe even pay off some of the national debt, to boot.
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I really don't think that's feasible.
You do realize that there are only 124,647 filers with incomes over $500,000.
If you add in those over $200,000 it totals 1,223,244 filers as compared to 68,400,596 of those under $200,000.
(figures from 2008)
Adjusting the rates on just over a million filers... I don't see where there are enough of them.