76965386 Obama 's Math Proves Hiking Tax Rate Won ' t Fix Deficits
How much does the top income tax rate affect how much money the government collects each year? That question is relevant today because of the President 's latest idea: the "Buffet Rule", which would impose higher income taxes on people who earn over one million dollars a year. But would the government actually collect more money? Let 's find out by doing some math that the President doesn ' t seem to have done! The chart below plots the ratio of total government Revenue
