Subject: Re: Mungo- you watching the race from your balcony?
[Classic example is one senator who asked the Government Accountability Office (GAO) how much tax would be collected in each of the first 5 years if the income tax rate on millionaires was 100%.
Anybody with a brain would know that the after the first year, $0.00 would be collected.]
Umm...
100% wrong.
The tax, but also your math.
Income vs wealth.