Skip to main content

A Tax System Stacked Against the 99 Percent

A Tax System Stacked Against the 99 Percent
About 6 in 10 of us believe that the tax system is unfair — and they’re right: put simply, the very rich don’t pay their fair share. The richest 400 individual taxpayers, with an average income of more than $200 million, pay less than 20 percent of their income in taxes — far lower than mere millionaires, who pay about 25 percent of their income in taxes, and about the same as those earning a mere $200,000 to $500,000. And in 2009, 116 of the top 400 earners — almost a third — paid less than 15 percent of their income in taxes.

Comments

Post a Comment

Popular posts from this blog

ei: Pushing for "normalization" of Israeli apartheid

ei: Pushing for "normalization" of Israeli apartheid The Arab League proposed in 2002 what became known as the Arab Peace Initiative to end the Israeli-Palestinian conflict. It was an unprecedented, bold offer which promised Israel full normalization in exchange for a complete withdrawal from the territories occupied in 1967 and the creation of a Palestinian state. The plan called for a "just settlement" to the Palestinian refugee issue. This, in practical terms, meant renunciation of the right to return, despite this being an individual right under international law of which no state or authority can forfeit on behalf of the refugees. The Arab Peace Initiative was based on what fallaciously became known as the "international consensus" for the resolution of the Israeli-Palestinian conflict, that of "two states, for two peoples," championed by the Zionist left as well as Israel's patrons in the West. The plan represented a rare united front a...
Post a Comment
Read more

Iraqi weapons 'expert' unmasked as a fraud - Independent Online Edition > Americas

Iraqi weapons 'expert' unmasked as a fraud - Independent Online Edition > Americas : "The Iraqi defector whose claims regarding Saddam Hussein's biological warfare capabilities were central to the US government's case for the 2003 invasion, despite repeated warnings that they were dubious, has been unmasked by a television documentary. The informer, codenamed Curveball was Rafid Ahmed Alwan who, in 1999, turned up at a refugee centre in Germany seeking political asylum. He went on to convince the Pentagon he was a brilliant chemist who had helped develop mobile biological warfare laboratories."
Post a Comment
Read more