Say it aint so, Joe!
Ok, so Joe Biden believes it’s the patriotic duty for Americans making $250,000 to pay more in taxes (btw, if Joe thinks that $250k constitutes rich in the NYC or SF metro areas, he’s nuts).Â Â I didn’t think I’d see Obama-Biden play the “patriotism card” … but whatever.
ButÂ a quickie math/history/civics lesson for Joe, free of charge.
According to the IRS, in 1984 the top 1% of wage earners accounted for 24.5% of income tax revenues; by 2001, that number had jumped to 33.2%; and last year it reached a whopping 39%.Â And I thought Bush was supposed to be pro-rich guy … hmmm.
Meanwhile, the bottom 50% of wage earners accounted for 6% of income tax revenues in 1984, but less than 3% in 2006.Â It’s the first time since the inception of the income tax that it has fallen below 3%.Â Not a bad a deal.
Sounds like they’ve been plenty patriotic, Joe.Â