The top 400 American taxpayers pay more in federal taxes than the bottom 70 percent of U.S. taxpayers combined. The previous truth is a friendly reply to Cliff Asness and Michael Mendelson’s recent Wall Street Journal opinion piece in which they critiqued Mitt Romney’s surely misguided call to tax rich people like him more.
In Asness’s inimitably entertaining style, the two helpfully took apart Romney’s thinking without making it personal. It was in their conclusion that Asness and Mendelson arguably faltered.
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