Wednesday, March 11, 2009

Tax progressivity has its limits

We are close to reaching them:
Instead of 2 wolves and 1 sheep deciding what's for dinner, it's 50 to 1.

On the other hand, incent larger incomes, collect larger tax revenues, support larger programs.

UPDATE: Like I was just saying:
In February, individual income taxes fell 64% to just $8.7 billion. That's the lowest monthly total for individual income taxes since May 1985.

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