Obama's Tax the Rich Math Doesn't Add Up

By Warner Todd Huston

There is a very important article on National Review Online that explains how “the rich” don’t have enough money to pay for Obama’s spending even if they were taxed at 100%.

“Obama vs. Mathematics” informs us very well what a disaster the Obama policies are. It starts with a subtitle that warns, “Health care plus entitlements plus higher taxes only on the ‘rich’ equals disaster.”

Here is a key paragraph:

Most households making between $200,000 and $500,000 per year would not have enough money to pay their federal, state, and local tax bills, much less eat.

Read the Rest at American Daily Review

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