In response to:

Eyeing the Golden Goose

Daddio7 Wrote: Jan 27, 2013 5:03 AM
Why do people opposed to higher tax rates of the wealthy only use percentages on how much they pay now opposed to in the past? How about dollar figures on how much the average tax payer has left to spend on his family and how much the rich have to spend? Top 20% $170000. The 1% $866000. The bottom 40% About $30000. 2009 figures. So the wealthy can't afford to pay any more. How are they going to afford a new Mercedes every year? This figure is based on income taxes. Capital gains income is not included.

Are tax hikes on the way? Some federal lawmakers hope so. “It’s a great opportunity to get us some more revenue,” Sen. Charles E. Schumer (D-N.Y.) recently said of the upcoming debate over the federal budget.

You know what that means: calls to raise taxes on the rich. Lawmakers can’t seem to refrain from eyeing the golden goose.

It seems fair to most Americans that those who earn more should pay more taxes. But how much more?

In a report that drew on 2006 tax data, Heritage Foundation scholar Curtis Dubay showed that a family in the top 20 percent of...