A couple of kind e-mailers contend that the president’s math skills are not faulty, because the one half of 1 percent tax applies only to the amount above $1 million earned by millionaires. Fully understood. And that’s a problem. If the tax on millionaires generates, as the president claims, just $500 per millionaire patriot, then that amounts to just $120 million in total revenue — or about $300 per job “created or saved.” But if (giving the benefit of the doubt), as set forth in the original post, the tax is applied to the total aggregate 2010 income of those millionaire patriots, the revenue generated would only fund the 400,000 jobs to the tune of $4.50 an hour without benefits.
At those wages, the folks seeking to recall Governor Walker might also have a slight issue with the White House.