President Obama should not get a pass or a pat on the back for promising to jack up taxes only on the super rich. If the US is going to pull itself out of the quagmire brought on by George Bush’s tax cuts every taxpayer will have to lend a hand.
This graph shows the total taxable income (tax year 2008) for taxpayers in different brackets and the upper middle class – those whose adjusted gross income falls between $100 and 200 thousand dollars earn most of the taxable dollars available to solve the deficit.
This group of taxpayer’s total income dwarfs that of the super rich. More such charts can be found at Hoosierpundit.
