Thursday, September 30, 2010

A Follow Up to Definition of Rich

Well, the New York Times picked up on the same question I raised - whether it is fair to define a professional couple who earns $250,000 as rich. Interesting to learn that in the 1970s there were 25 tax brackets.

And here is one from The New Yorker that makes the point I've been trying to make: that is doesn't make sense and it isn't fair for LeBron James and a dentist to pay similar income tax rates.

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