Quote of the Day
"Because the largest share of federal income taxes is paid by the highest earners, lower-earning households bear a much smaller share of the overall income tax burden, thereby creating progressivity in the federal income tax system. However, it also means that federal revenues devoted to general government operations are particularly sensitive to changes in the income of the top earners."
~ Joint Economic Committee, U.S. Congress
HT Page 141, "As Certain As Death: Quotations About Taxes," TaxAnalysts, Inc.