re: #301 jaunte

Just for clarity, if anyone missed it: repost from last night, an interesting tidbit from Business Week and the IRS:

The $532 number can’t possibly be right. How do you raise $700 Billion over 10 years getting only an extra $532 from a few million people per year?

money.cnn.com

Three economists surveyed endorsed the Obama administration’s plan to extend the tax cuts only for the lower- and middle-income taxpayers, but allow it to go up on those in the top two brackets — individuals making more than $200,000 a year or couples earning $250,000 or more. That limited increase in taxes would raise an estimated $700 billion over the next 10 years.