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    • Daily Archives: January 29, 2012

    Chart of the Week: Top 1 Percent Paid 38 Percent of Federal Income Taxes

    January 29, 2012 at 10:06 am

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    Top 10 Percent of Earners Paid 70 Percent of Federal Income Taxes

    President Obama used his State of the Union address Tuesday to outline his idea of fairness. To put it simply, that means redistributing wealth by raising taxes on the most successful Americans. “If you make more than $1 million a year, you should not pay less than 30 percent in … More

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    The Morning Bell
    Morning Bell: What Did Apple Do Wrong?

    Members of Congress called Apple executives to testify on Capitol Hill yesterday. Why? Because the company makes money overseas, and some Senators want to get their hands on the cash. A Senate subcommittee accused the company of “shifting” profits from the U.S. to other countries and avoiding paying taxes. But … More

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