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The Water Cooler
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Dems bring in crowds by the busload to fill stadium for Obama speech
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<blockquote data-quote="vvvvvvv" data-source="post: 1889183" data-attributes="member: 5151"><p>So where do you raise them?</p><p></p><p>In 2009, the 1% ($343,927+) accounted for 16.9% of AGI and 36.7% of income tax revenue. The 5% ($154,643+) accounted for 31.7% of AGI and 58.7% of income tax revenue.</p><p></p><p>I would venture and educated guess that even increasing taxes on the top 5% to the 90% rate seen during WW2 wouldn't make a dent even if you actively forced them to stay in the country.</p><p></p><p>And even then, all that Congress would see it as is "I CAN HAZ MOAR 2 SPEND 4 MOAR VOTEZ". And the cycle continues.</p></blockquote><p></p>
[QUOTE="vvvvvvv, post: 1889183, member: 5151"] So where do you raise them? In 2009, the 1% ($343,927+) accounted for 16.9% of AGI and 36.7% of income tax revenue. The 5% ($154,643+) accounted for 31.7% of AGI and 58.7% of income tax revenue. I would venture and educated guess that even increasing taxes on the top 5% to the 90% rate seen during WW2 wouldn't make a dent even if you actively forced them to stay in the country. And even then, all that Congress would see it as is "I CAN HAZ MOAR 2 SPEND 4 MOAR VOTEZ". And the cycle continues. [/QUOTE]
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Dems bring in crowds by the busload to fill stadium for Obama speech
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