TAXPROF: 51% of Households Pay No Income Tax; Share of Taxes Paid by Rich Growing Faster Than Income. We need to broaden the tax base to include all voters.Naturally, this is right-wing spin, because income tax is only one of the many taxes we pay.
But let's not let facts get in the way of the idea that we really do need to take the pressure off our poor Galtian Overlords. They are clearly struggling.
Even Taxprof's conservative readers aren't buying this post.
Nah. Better to keep up the glibertarian illusion that the "producers" are the slaves of the "moochers."
I hate these headlines and studies for the simple reasons that most don't include FICA payroll taxes.
Contrary to their formal name -- "contributions" -- these are very real income taxes, and hit the poor hardest. For most people, they are the only income taxes they pay.
I'm not saying this to be siding with the Dems -- my online work speaks to my Conservative beliefs -- but what I am saying is that we need to be honest with these things.