Monday, September 08, 2008

Who's getting taxed?

L.E. Modesitt, Jr. - The Official Website:
"According to recently released IRS statistics, less than one half of one percent of Americans are 'wealthy,' meaning that they have assets including houses, of more than two million dollars. When a middle-class house in many cities can easily cost over $500,000 for less than 1,500 square feet, having $2 million in assets may make you 'affluent,' but it's far from 'wealthy.' Put another way, the 'upper five percent' of Americans that Obama wishes to tax more heavily amounts to roughly fifteen million. According to the IRS, only ten percent of those are wealthy."
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