Wednesday, October 07, 2009 (via Instapundit/TaxingTennessee)
Study: Redistribution of income due to HR3200
The Tax Foundation has a great slide show on the income redistribution effects of HR3200, the House version of Healthcare "reform." Their full study is HERE. This bill would increase redistribution to $1.4 trillion.Of course, that is just the beginning of the story. High income earners would then adjust their behavior by reducing their taxable income and voila, less tax revenue and bigger deficits.
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