[reaganaut1]

Thanks for your analysis of this important topic. You are presenting the “best-case scenario” for how much revenue tax rate increases will generate, assuming that pre-tax income will stay constant. Of course, people will respond to drastically higher tax rates by working less and finding ways to shift ordinary income to other types of income, so the extra revenue will be less than a static analysis would predict — the Laffer Curve.

[jveritas]

I read an article by a left wing socialist yesterday and he told Obama that he must come forth and tell the American people the truth that he is going to raise taxes way up. He warned Obama that if he does not tell the American people the truth then his Presidency will be destroyed.