Quotes About High earners

The centerpiece of Obamanomics - raising taxes on high earners and investors and lowering them on the middle class - is attacked by free-marketers for penalizing economic success and possibly further stalling economic growth.

And so, year after year, Mr. Trump appears to have lost more money than nearly any other individual taxpayer, according to the I.R.S. information on high earners—a publicly available database with taxpayers' identifying details removed. Indeed, in 1990 and 1991, his core businesses lost more than $250 million each year—more than double those of the nearest taxpayers in the sampling for those years.2

raising the average income tax for the top income percentile to 43.5 percent from 22.4 percent, the level of 2007, would raise revenue by 3 percent of GDP, which is enough to close the US structural deficit while still leaving very high earners with more after-tax income than they would have had under Nixon.