NRO Senior Editor Jay Nordlinger: Reagan 'Welcomed Wetbacks'

palomino7/16/2012 6:19:51 pm PDT

re: #324 jaunte

Bill O’Reilly just claimed that if Obama wins the election he’ll be paying “about half” of his money to the government in taxes.

If that’s true (based on the combo of fed, and high NY/NYC state and local taxes) then O’Reilly is already paying almost half of his income in taxes. An increase in the top marginal rate from 35% to 39% wouldn’t change O’Reilly’s tax burden in percentage terms very much. He might pay an extra 800k annually (assuming he makes about 20 mil a year). But even if the rates don’t change, and he had his 800k back, he’s still be paying nearly half his income. In other words, his taxes aren’t going up that much in proportional terms, and most people (since they make significantly less than Bill, won’t even be affected).