Tuesday, March 24, 2009

Higher tax rates on high incomes aren't going to do what you think they'll do

Beware, America. Higher tax rates on high incomes aren't going to do what you think they'll do -- because the really rich have always known how to get around paying taxes.

"Obama’s 'tax the rich' scheme," former Reagan administration assistant treasury secretary Paul Craig Roberts argued last week, "will devastate the upper middle class and leave the super rich undamaged."

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