When you say the tax system benefits the rich, there are a lot of people who respond, "That can't be true, look at the rate of tax. The people who are rich pay a higher rate than you or I." Well, yeah, but if you don't have to pay taxes on a lot of your income, then your real tax rate is a lot lower. And if you're allowed to pay your taxes thirty years from now instead of today then you're a lot better off. People need to have a sophisticated understanding of how the system works to appreciate that the posted tax rate really has very little to do with the taxes people pay.
I dislike paying taxes as much as anyone, but yes, taxes are the price of civilization. There is no America without taxes. The question isn't, "Do we… - David Cay Johnston
I dislike paying taxes as much as anyone, but yes, taxes are the price of civilization. There is no America without taxes. The question isn't, "Do we…
- David Cay Johnston
One of the tax systems in the US is for wage earners. The government takes money from them out of each paycheck - so it knows how much they make, and… - David Cay Johnston
One of the tax systems in the US is for wage earners. The government takes money from them out of each paycheck - so it knows how much they make, and…
When you say the tax system benefits the rich, there are a lot of people who respond, "That can't be true, look at the rate of tax. The people who ar… - David Cay Johnston
When you say the tax system benefits the rich, there are a lot of people who respond, "That can't be true, look at the rate of tax. The people who ar…
The British use a system where the profits a corporation reports to shareholders is what they pay taxes on. Whereas in America we require corporation… - David Cay Johnston
The British use a system where the profits a corporation reports to shareholders is what they pay taxes on. Whereas in America we require corporation…
Donald Trump is a master salesman. And he creates his own reality. So if he tells you, "This is a middle-class tax cut, and I, Donald Trump, won't be… - David Cay Johnston
Donald Trump is a master salesman. And he creates his own reality. So if he tells you, "This is a middle-class tax cut, and I, Donald Trump, won't be…
In 1990, about 1 percent of American corporate profits were taken in tax havens like the Cayman Islands. By 2002, it was up to 17 percent, and it'll … - David Cay Johnston
In 1990, about 1 percent of American corporate profits were taken in tax havens like the Cayman Islands. By 2002, it was up to 17 percent, and it'll …
You, as a wage earner have to pay your taxes every year on your income for that year. So if you have a one-time windfall that makes you a lot money y… - David Cay Johnston
You, as a wage earner have to pay your taxes every year on your income for that year. So if you have a one-time windfall that makes you a lot money y…
Congress is supposed to fund the IRS, and it has been steadily reducing the number of auditors and tax collectors the IRS has at the very time that t… - David Cay Johnston
Congress is supposed to fund the IRS, and it has been steadily reducing the number of auditors and tax collectors the IRS has at the very time that t…
What the Trump tax plan is a plan to give tiny little tax cuts to most Americans, raise taxes on perhaps one in five families and shower benefits on … - David Cay Johnston
What the Trump tax plan is a plan to give tiny little tax cuts to most Americans, raise taxes on perhaps one in five families and shower benefits on …
Login to join the discussion
Login to join the discussion