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Thursday, April 14, 2011

"Media-Perpetuated Tax Myths"

David Cay Johnston:

9 Things The Rich Don't Want You To Know About Taxes, by David Cay Johnston: ...As millions of Americans prepare to file their annual taxes, they do so in an environment of media-perpetuated tax myths. Here are a few points about taxes and the economy that you may not know...:
  1. Poor Americans do pay taxes.
  2. The wealthiest Americans don’t carry the burden.
  3. In fact, the wealthy are paying less taxes.
  4. Many of the very richest pay no current income taxes at all. 
  5. And (surprise!) since Reagan, only the wealthy have gained significant income. 
  6. When it comes to corporations, the story is much the same—less taxes.
  7. Some corporate tax breaks destroy jobs.
  8. Republicans like taxes too.
  9. Other countries do it better.

(There is more detail on each point in the article.)

    Posted by on Thursday, April 14, 2011 at 12:06 AM in Economics, Taxes | Permalink  Comments (55)


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