Mitch Albom’s Faulty Tax Math

Detroit Free Press columnist Mitch Albom–best known for his bestseller Tuesdays With Morrie–had a July 25 column that criticized the Obama healthcare reform with an argument that suggested an unfamiliarity with how the U.S. tax system works: In explaining why it was OK to sock a new 5.4 percent tax on the highest earners in this country–to pay for healthcare reform–President Obamaâ┚¬Ã¢”ž¢s press secretary, Robert Gibbs, said this: “The president believes that the richest 1 percent of this country has had a pretty good run of it for many, many, many years.” Ah. So thatâ┚¬Ã¢”ž¢s it. The old “Youâ┚¬Ã¢”ž¢ve had […]