Personal Finance Buzz

know the title may be a tad dramatic, but I read an article from The Economist where the Author makes note that the deficit had been reduced (from 2004 to 2007) by, at least in part, due to the increase in income taxes from the wealthy getting wealthier in this country. Take a moment to really think about how profound that statement is! As the rich got richer, they paid income taxes at a marginal rate of 35% (or close to it).