Friday, January 30, 2009

Tax cuts make a lot of sense.

Tax cuts make a lot of sense. The GOP's highly principled, widely celebrated and fetishistic tax cuts will stimulate the economy for four hundred people.

Today's WSJ: "The nation's top 400 taxpayers made more than $263 million on average in 2006, as the stock market was rallying, but paid income taxes at the lowest rate in the 15 years that the Internal Revenue Service has tracked such data, according to figures released Thursday. [...] Of the 400 taxpayers, 31 paid taxes at average rates between 0% and 10%."

That's $263 million each.