- Posts: 14880
- Thank you received: 27
Topic Author
http://www.huffingtonpost.com/2013/04/0 ... f=businessNo Americans 'Getting A Free-Ride,' New Tax Study Finds
A new study further debunks the widely-held conservative notion that lower-income Americans pay little-to-no taxes while the rich shell out more than their fair share.
"We've found that no one group is getting a free-ride,” write the authors of the report from the left-leaning Center for Tax Justice.
CTJ looked at the effect of federal tax increases on the wealthy passed as part of the fiscal cliff dea at the beginning of the year. The increase was roundly decried by Republican leaders and some on the right who viewed the move, pushed by President Barack Obama, as a step toward socialism.
However, while the recent changes put federal income tax rates on a more progressive scale -- tax rates go up as income goes up -- many other taxes Americans are subjected to, like federal payroll taxes and state and local taxes are actually regressive, meaning they take a bigger share of income from the poor and middle class than from the rich, according to CTJ.
The CTJ report’s findings pound yet another nail in the coffin of Mitt Romney's now-infamous remarks that 47 percent of Americans are receiving the government’s benefits without paying their fair share in taxes.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
Topic Author
Please Log in or Create an account to join the conversation.