Millionaire tax would impact a tiny number of North Carolinians
Citizens for Tax Justice has an interesting report out on the incredibly small number of Americans who would be impacted by the proposed “millionaire tax” being floated in the U.S. Senate.
“Only one-fifth of one percent of U.S. taxpayers would pay the surcharge proposed by Senate Majority Leader Harry Reid to offset the costs of President Obama’s jobs bill. The table below shows that in the majority of states only one-tenth of a percent of taxpayers would pay the surcharge in 2013. Only in one state, Connecticut, would the share of taxpayers paying the surcharge exceed one percent.”
According to the report, the number in North Carolina is even lower than average — about 0.1%.
In other words, it would pretty much be limited to the people who attended Senator Hagan’s absurd corporate tax cut press conference today plus their friends and immediate families.