One of the problems with the rich is that their incomes are highly variable. For instance, in one year, a household might have $5.5M in income--the next, a paltry $1.7M. Now of course, either year is a pretty good year (for that household)--but if you are trying to plan government expenditures around predictable revenue streams--well, you'll have a rough time with the rich. Raise their taxes, I say! Though you won't really know what you're going to get....
Oh- sorry. I should have said that we were talking about the Obamas.
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