[quote=HiItsMe]Something smells here; I don’t buy the argument. The artical under review ends with this 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.”
Are we to conclude that the rich, with all the economists they want to hire, all the politicians they want to support, all the media they own, i.e., those that wanted the tax cuts and likely helped design them, raised their own taxes for the good of the rest of us! I think not. Somehow, and I don’t know how, wealthy supports of the president benefitted.[/quote]
The objective of the tax code is to maximize revenue, not punish people for being productive nor reward those who are not.
