[quote=AN][quote=CA renter]IMHO, the most egregious part of our tax policy is the lower tax rate for those who don’t even work for their money. There is something horribly wrong with our country when financial speculators pay a lower tax rate than “line workers.”[/quote]
Don’t forget all the retirees and the many people who actually get money from the government instead of paying any taxes.
BTW, 75% of tax payer pays less than 15% effective tax rate. Only 25% pays more. Most of those in the 25% who pays more than 15% effective tax rate are what some would call “the rich”, those in the 33 & 35%.
Yes, tax rates are near historic lows. That’s why some of us get so angry when hearing the weathiest Americans complain about paying taxes. They are wealthier today, and pay lower tax rates today, than they have in many, many, many decades.
As a matter of fact, the last time we saw such low tax rates and such a high wealth/income disparity (interesting to note that these tend to go together) was right before the Great Depression. Coincidence? I don’t think so.
