Saw this item over at Virginia Postrel's blog.
She cites a report about how the richest in California pay A LOT of taxes: the top 3% of income earners accounted for 60% of the taxes.
It may feel good to "soak the rich" but this dependence on this relatively small group of tax payers means tax receipts can rise and fall a great deal on their fortunes.
Postrel also made these observation about taxation upon illegal immigrants. Sales taxes and property taxes can capture some of the economic activity of illegal immigrants. Income taxes do not generate revenue from illegal immigrants as they are paid "off the books" and don't get taxed.
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