Tax Hikes on Rich Cops?
Lawrence Kudlow must live in one pricey neighborhood:
However, if the Dems raise the top rates for capgains and dividends and income, all of which would penalize investment and drive capital offshore (to China, India, Eastern Europe), then it would damage our economy across-the-board. Using $150K as a threshold means a school teacher and a cop. Not exactly rich people.
Even JPod knows something is wrong with this claim as he points to this source and writes:
You might want to reconsider that claim. Maybe in the suburbs of New York City, but nowhere else. Salary.com indicates that the median pay for a police officer is around $50,000 and for a teacher around $46,000.