Originally Posted by Harv3
Originally Posted by Garden Toad
The last paragraph in the article reads:

If Mr. Obama does succeed in raising tax rates on the rich, we'd also wager that the rich share of tax payments would fall. The last time tax rates were as high as the Senator wants them -- the Carter years -- the rich paid only 19% of all income taxes, half of the 40% share they pay today. Why? Because they either worked less, earned less, or they found ways to shelter income from taxes so it was never reported to the IRS as income.


So are you saying that the wealthy are not presently finding ways to shelter income from taxes so it is never reported as income?
ROTFMOL
Actually the last paragraph reads:
Quote
The way to soak the rich is with low tax rates, and last week's IRS data provide more powerful validation of that proposition.
The Treasury Dept data support that conclusion. tonbricks

Actually, a paragraph consists of three or more sentences.rolleyes

Every true believer is someone else's heretic.