Guess it sure hurts those billionaires
It's easy to understand why Bloomberg only takes a token salary of $1 a year as mayor (yes, this is true); he is increasing his wealth (currently valued at $19.5 billion) through his position.
http://blog.buzzflash.com/node/13151
Geeze, 50% tax and they still make huge amounts of money. Tell me one more time how these high taxes hurt the rich??