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Eyeing the Golden Goose

Earl29 Wrote: Jan 26, 2013 8:12 AM
With the taxes already raised, a year from now revenue will dip.

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...