Truthdig - Tag - Federal Income Tax

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Tag: Federal Income Tax

Howdy, I'm H. Michael Karshis (CC BY 2.0)

How Tax Reporting Is Skewed to Benefit the Rich

Think tanks such as the Cato Institute and the Tax Foundation like to cherry-pick tax data to claim that the rich pay more than their fair share. But a broad look at taxation shows it’s not true, a writer at The Economist says.

Posted on Aug 23, 2012 READ MORE

wallyg (CC-BY)

State Taxes Stacked Against the Poor

Though many conservatives would rather not discuss it, not all taxes are created equal. Sure, the federal income tax is progressive (though less so than in the past), but payroll and state taxes—which include levies on income, property, sales and various fees—are not, and the differences between the top 1 percent and the bottom 20 percent can be large.