Where The Money Is, Ctd

May 12 2011 @ 6:29pm

Where_money_is

Chait finds this chart from the WSJ highly misleading:

Democrats have been arguing that their tax increases should solely effect income over $250,00 a year. The Journal makes that pot of income appear small by diving it up into seven different lines. See, the $100,000-$200,000 line is tall, and all the other lines to the right of it are short. That tall line must be where the money is!

But if you add up all the lines of income over $200,000, you get around $2 trillion. (I may be off, because I'm eyeballing it, but I'm not off by much.) That obviously far exceeds the nearly $1.4 trillion accruing to the $100-200,000 set.

Kevin Drum's redrawn chart, to the right of the original chart, is above.