Friday, July 20, 2012

The Decline of the Rich

Tax the rich? According to a new report, the rich have an increasingly-shrinking slice of the pie. But Obama and the left say they need to pay just a little bit more. Just a little more sacrifice.

CNBC has the story:

The presidential election has given us two myths about the rich. First, that their incomes, and income inequality, are at all-time highs. Second, that the wealthy pay less in taxes than ever, and lower taxes than the rest of us.

A recent report from the Congressional Budget Office, however, suggests that both may be false.
The Falling Fortunes of the One Percent ||

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