Congratulations, Class Warriors

When government sets up income taxes to "tax the rich", the government loses even more money when a recession hits and "the rich" earn less to be taxed.  In data comparing income tax revenues between 2007 and 2009 (yep, the government needs a few years to tally up their numbers ..... not enough government employees to DO ALL THIS WORK you know)..... they found:

"Total adjusted gross incomes (AGI) less deficits declined $1.1 trillion, or 12%.  However, due to our progressive income tax, the percentage decline in taxes collected was even greater: 22%."  [American Thinker]

Said in simple language ...... if you tax the rich more than those who pay little or nothing, you lose big time when the rich earn less to be taxed.
[clipper]