My friends Kim Crockett and John LaPlante have a great opinion piece in today's Minneapolis Star Tribune on who really pays income taxes. They bust some pernicious myths around how much "the rich" actually pay as a percentage of income in income taxes.
To get out of the hole we are in, straight talk on "who pays what" is essential. Quoting from their piece,
"In a poll, University of Michigan economist Joel Slemrod found that '51 percent of all respondents think that middle-income families currently pay a higher percentage of income in taxes than high-income families.' Slemrod says: 'These beliefs run counter to what nearly all tax 'experts' believe to be true.' As Minnesotans continue to debate budgets and tax policy, it is important to get our facts straight."
No comments:
Post a Comment