Saturday, June 27, 2009

Redistributing The Wealth

From The Tax Foundation and TaxProf comes this explanation of Obama's wealth redistribution.
New analysis of President Obama's Budget finds that he is targeting the nation's highest earners for greater income redistributions. By 2012, the federal government is scheduled to be redistributing an extra $79 billion from the top-earning 5% of American families, and $71 billion of that will be paid by the top-earning 1% of families.

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