Stephen Moore: Democrats Want 62 Percent Tax Rate

Friday, 27 May 2011 08:24 AM
By Greg Brown

If the Democrats get their way on taxes, the top combined tax rate would soar to 62 percent, warns economist Stephen Moore of The Wall Street Journal.

A combination of higher income tax rates, phasing out of deductions, payroll taxes, state taxes, new healthcare taxes, and a 3 percent “millionaire’s taxâ€