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Wednesday, October 22, 2008

How many people have incomes over $250,000?

...less than five percent of the population: http://pubdb3.census.gov/macro/032006/hhinc/new05_000.htm

So, if Obama is proposing to raise taxes only on those making over $250,000, over 95% of people wouldn't see an increase to their tax rate.

1 comment:

HR said...

Yes but I think we need to grow up a bit and realize that if we continue to demand expensive services from the government, we can't keep balking at raising taxes to pay for them. I don't think 5% of us paying higher taxes is going to do it. We have infrastructure to maintain and healthcare and social security to continue delivering.