Funny numbers

Reader comment on: Taxing the Rich

Submitted by ben (United States), Apr 13, 2011 21:45

Good thing we don't perpetually live in 2008 during a stock market crash when the wealthy can limit their taxable income! I wonder what the same statistic would hold for this year, when the economy is hardly strong but not in a free-fall? How much taxable income will there be for those making over 100k? What a joke that the Journal cherry picks 2008 to make an argument about today's deficit. Why not say that if we taxed everyone living in 1933 at 100%, the population of the World couldn't pay off our deficit? That stat is just as meaningless as the one they choose here.

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