Quote:
Originally Posted by WTF
We have two tax codes in this country.
While what you say may be trure at the Federal Level, regressive taxes have been going up over the last thirty years.
You can not have an honest discussion regarding taxes without talking about all taxes and how they effect us all.
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The extent to which regressive taxes have increased over the last thirty years is miniscule in comparison to the reduction in the
federal income tax burden on the bottom three quintiles of the distribution. If you want to have an "honest discussion" of taxation, you must begin by acknowledging that point.
This graph is an eye-opener to those laboring under the delusion that the main cause of our budget woes is the failure to insufficiently tax the "rich."
For the respective countries, the graph reflects federal and state income taxes, payroll taxes, sales taxes, VAT, etc.
See discussion @
http://economix.blogs.nytimes.com/20...ig-government/
BigLouie, you should have paused for just a moment and thought about a couple of the statements made by the creator of that graphic you posted. Note particularly the claim that in recent years the trend has been "the reverse", and that redistribution is flowing from the poor to the rich. In order to avoid disingenuity, he needed to note that widening income and wealth disparity in favor of the affluent has nothing to do with the tax code, yet he did no such thing. And apparently he failed to note recent rounds of additional tax cuts for non-affluent households. There were all sorts of supposedly "temporary" tax cuts, refundable tax credits, and child care tax credits, among other things. In addition, there was a supposedly "temporary" two percentage point cut in the payroll tax. But does anyone seriously believe that it's going to be rescinded any time soon, if ever?
Obviously, the fact that something is posted under the heading of "the facts" in a colorful graphic does not necessarily mean that it is...well, a fact! And to top it all off, the clown who created that crap noted at the end that people are entitled to their own
opinions, but not their own
facts. LMAO!
I hope he managed to remain anonymous. Otherwise, he might want to consider putting a bag over his head like fans of the New Orleans Saints during their cellar-dwelling days of a few decades ago.
"Who dat?"
