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Do top earners pay their fair share of tax?
13 hours ago ago from CentreRight
In City AM , Allister Heath thinks they do: The top 10 per cent of earners are already set to pay 53.6 per cent of income tax in 2008-09; the top five per cent will pay 43 per cent and the top one per cent 23.9 per cent. Yes, that’s right, just one per cent of the population will pay close to a quarter of the total income tax take, funding a massive chunk of the welfare state – who ever said the rich don’t pay their “fair share”, whatever ...
Related contentToday’s Lebanon Democrat column: “Beating the drums for a state income tax”
3 hours ago ago from Right Minded Online
The Institute on Taxation and Economic Policy (ITEP) has issued a report showing Tennessee’s tax structure to be among the most regressive in the nation. According to the report, When all of Tennessee’s state and local taxes are considered, the study found that Tennessee families earning less than $17,000 per year pay 11.7 percent of their income in state and local taxes, compared to 3.1 percent paid by households earning $414,000 or more, ...
Related contentTom R.'s reply on redistribution of wealth
12 hours ago ago from TonyP4 Jokes, Satires, Pictures...
Tony, Your sympathy for the rich folks forced from the U.S. for the lowest taxes they've paid in decades is misplaced. They're doing just fine. Also, your equation of them with golden geese is pretty astounding. The fact is that they've been, as a group, more like pigs feeding at the trough than golden geese selflessly providing the little people with glowing gift eggs of gold.. Were their taxes raised to the levels they were paying when ...
Related contentTop earners pay more, and so they should
6 hours ago ago from Left Foot Forward
Tim Montgomerie quotes Allister Heath in City AM: The top 10 per cent of earners are already set to pay 53.6 per cent of income tax in 2008-09; the top five per cent will pay 43 per cent and the top one per cent 23.9 per cent. Yes, that’s right, just one per cent of the population will pay close to a quarter of the total income tax take, funding a massive chunk of the welfare state – who ever said the rich don’t pay their “fair share”, ...
Related contentA Smart and Simple Tax | Progressive Democrats of America Blog
20 hours ago ago from Progressive Democrats of America Blog
By William John Cox | PDA Blog Contributor The burden of taxation in the United States has been shifted from those who most benefit from our government to those who work the hardest and earn the least. This shrugging of responsibility is not only unfair, it fails to accomplish public policy goals required to move the economy out of recession and the environment out of crisis. Uncorrected, the heavy burden of taxation borne by ...
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2009 Year-End Tax Tips
2 hours ago ago from FanHouse
There are plenty of "T" words keeping us busy this time of the year... Tinsel, Tailgating, Toys for Tots...and... Taxes! Personal finance experts Ken and Daria Dolan bring up the dreaded "T" word at this festive time of year for good reason. They promise that if you'll take just a few minutes before the ball drops to make some simple year-end money moves, you can minimize your taxes and have something to celebrate next April. So put down that ...
Related contentGOP lawmaker: Va. gov tax boosts going nowhere
1 hour, 26 minutes ago ago from U.S. News
GOP lawmaker: Va. gov tax boosts going nowhere RICHMOND, Va. (AP) -- Even with hard times assured for public schools and other state-supported ventures, Democratic Gov. Tim Kaine's bid to end tax breaks to help balance an underfunded budget will get nowhere in a Republican-run House of Delegates, the top GOP budget writer said Tuesday. But even as Republicans, fortified by last month's elections, hold the line against new taxes, increases ...
Related contentIndiana House panel takes up property tax caps
22 hours ago ago from PopEater
INDIANAPOLIS -An Indiana House committee heard arguments Monday on whether caps on property tax bills should be placed in the state constitution, and the panel plans to vote on the measure next week. A Senate committee plans to vote on the legislation Tuesday. If approved by the full Legislature during the session that gets under way in earnest in January, voters would decide whether the caps should be constitutional. Supporters say this ...
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