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Derek Thompson

Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website.
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He is a visiting research fellow at the Committee for a Responsible Federal Budget at the New America Foundation. Derek has also written for Slate, BusinessWeek, and the Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC.

Taxes on Top 1% are Bad

By Derek Thompson
Jul 31 2009, 2:22 PM ET Comment

I knew the percentage was high, but I didn't realize that only 1.4 million taxpayers (the top 1% income earners) pay more income taxes than 134 million other Americans do. That's startling and it is not healthy in my opinion. I understand the argument that the top 1% earn a lot of income and so on, but it cannot be healthy that so much of our government's revenues are dependent on such a small group.



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