Sunday, January 18, 2015

The Income Tax is More Skewed Than Ever

President Obama announced that in his State of the Union Message he would propose  to raise income taxes on The Rich. This announcement came in the same week that the IRS published new data for 2012 that show that income taxes are more skewed than ever before. Now we know facts and analysis are not the President's strong suit, but wasn't there anyone on his staff who could read charts for him? Or maybe it's the same staff that told him that Obamacare would reduce healthcare costs by $2500 per year? Or (more likely) the President just doesn't care much about the truth.

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