How Many Ways Can You Tax the Rich?

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Democrats are scrambling to fund their wish list while honoring Obama's campaign pledges


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[mneilson]

I think the thinking of Democrats to collect more tax from the rich tax payers of US is justifiable. The democrats are supported by the IRS data released in January that showed the average tax rate paid by the richest 400 Americans fell by a quarter, to 17.2%, but their average income doubled to $263.3 million through the first six years of the Bush administration. President Obama's economic policy is transparent so these are widely acceptable.