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The Boston Globe


Farah Stockman

Where is the 20 percent?

This has been the Year of Percentages. It started off with the Occupy movement, which declared “we are the 99 percent,” as they railed against the 1 percent. Then, at a private fundraiser, Mitt Romney bad-mouthed the 47 percent who don’t pay federal income taxes. Then Romney lost to President Obama, who campaigned on a pledge to raise taxes on the top 2 percent — individuals earning more than $200,000 a year or couples earning more than $250,000 — while leaving the rest of us alone.

As the year draws to a close, Republicans are fighting that plan. Obama is at an impasse. If they fail to reach a deal, taxes will automatically go up for everyone. Which brings me to perhaps the most important — and least talked about — group of all: the 20 percent.

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