https://hotair.com/headlines/archives/2012/11/21/krugmans-twinkie-defense/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 01:33:32 -0400<![CDATA[Hmm. Something seems off here. Did this super-rich hundredth-of-the-1% in the ’50s really a) pay anything near those super-high 91% marginal rates, or did they b) employ accountants and loopholes to avoid them (as the conventional tax-reformer wisdom would have it)? If you read Krugman’s paragraph you’d probably conclude (a)–high income tax rates really sock it to the rich! But the truth is closer to (b).]]>Wed, 21 Nov 2012 17:10:36 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2012/11/21/krugmans-twinkie-defense-n97681