Since taxes are in the news, I thought I’d repost this…it was one of my earliest posts (originally published in April 2012), so please forgive all the exclamation points!!!!
All this talk about fairness and the “rich” paying their “fair share,” you’d think the lower classes were bearing the greatest burden of taxation but they are not, not by a long shot! First of all, 49.5% of tax filers pay NO INCOME TAX WHATSOEVER–these of course are the lowest earners, not the highest earners! For this reason, and others, the United States has one of the most progressive tax systems in the world and has the highest corporate tax rate in the world.
I do think the current tax system is unfair, but because only the top half of all earners pay anything at all! And what’s worse, it’s the top earners, not the wealthiest, who pay…
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