Progressive groups around the country are holding rallies today to protest the "The Big Lie" the lie that there is not enough money to keep medicaid and medicare intact meanwhile big corporations and the wealthy continue to receive big tax breaks. You can find an event near you here.
From the New York Times: For the 400 U.S. taxpayers with the highest adjusted gross income, the effective federal income tax rate - what they actually pay - fell from almost 30 percent in 1995 to just under 17 percent in 2007, according to the IRS. And for the approximately 1.4 million people who make up the top 1 percent of taxpayers, the effective federal income tax rate dropped from 29 percent to 23 percent in 2008. It may seem too fantastic to be true, but the top 400 end up paying a lower rate than the next 1,399,600 or so. (read more here)
No comments:
Post a Comment