Pity the rich
By Frank Moraes
This image comes via Matt Yglesias. Apparently, The Wall Street Journal is highlighting the plight of those poor souls with six-figure incomes. Because of the Fiscal Cliff deal, they are paying more in taxes. Here is their infographic:
Note here that the single woman and the single mother ("a typical single mom trying to raise two kids on merely quintuple the median household income," writes Yglesias) are paying 1.3% extra in federal taxes. But people making $35,000 are paying 1.4% extra in federal taxes. But you have to put this information in the Wall Street Journal context: those with six-figure incomes matter.
Pity the rich, for in this world they have no voice. Except, you know, every fucking politician and media figure in America.
(Cross-posted at Frankly Curious.)
This image comes via Matt Yglesias. Apparently, The Wall Street Journal is highlighting the plight of those poor souls with six-figure incomes. Because of the Fiscal Cliff deal, they are paying more in taxes. Here is their infographic:
Note here that the single woman and the single mother ("a typical single mom trying to raise two kids on merely quintuple the median household income," writes Yglesias) are paying 1.3% extra in federal taxes. But people making $35,000 are paying 1.4% extra in federal taxes. But you have to put this information in the Wall Street Journal context: those with six-figure incomes matter.
Pity the rich, for in this world they have no voice. Except, you know, every fucking politician and media figure in America.
(Cross-posted at Frankly Curious.)
Labels: fiscal cliff, tax policy, taxes
posted by Michael J.W. Stickings at
3:30 PM
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