Friday, October 17, 2008

Rich vs. High Income

Periodic Ramblings of a CPA has a nice post on the distinction between being rich and having a high income. Much of the political rhetoric this season has focused on taxing the rich when in reality they mean taxing those with a high income. It's not the same and thing and it does affect the economy differently. Read the post, I don't have time today to summarize.

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