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Bar Stool Economics 101

By Byron McNutt

IMAGINE?A?COUNTRY with a tax system that maligns and vilifies people who legally pay more than $2 million annually in federal income taxes but sees nothing wrong with a sizable portion of the population that isn’t required to pay any federal income taxes.

People in this flawed system might owe $1,200 in taxes at 17%, or $2 million at 14%. When using numbers to state your case in a fairness debate, the context and the perception of the judges can make a big difference.

Tuesday, October 02, 2012 4:18 PM

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