The Democrats’ Fuzzy Math | Power Line: "According to the Tax Policy Center at the Urban Institute/Brookings Institute, approximately 388,000 households have income above $1 million in any given year; the average income of such households is about $2.7 million. The surtax would be levied on the increment above $1 million. So the arithmetic is simple on a static analysis: 388,000 * $1.7 million * 3.25% = $21.437 billion.
So the “millionaires and billionaires” surtax doesn’t come even remotely close to the reduction in payroll tax. It’s a complete fraud–gratuitous class warfare for revenues that, in the overall scheme of things, are trivial."
The dimwits are from
Haaavaaad you know...
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