Popular Question - Who pays taxes in America, or rather, who does NOT pay income tax, or pays very little?
Income Taxes: Who pays taxes in America, or rather, who does NOT pay income tax, or pays very little?
Taxes are political and controversial. Editors at the National Review, a conservative current events magazine, argue that the Bush tax plan will allow ordinary people to save more and provide greater incentives to work, save, and invest.
On the other side, a Washington Post editorial piece called "Good for Investors, Bad for the Rest" argues that decreases in the dividend tax and the future elimination of the estate tax cater to high-income earners and not the middle class.
A new book from New York Times reporter, David Cay Johnston is a must-read on this subject. Already making waves in political circles, the book is one that every concerned citizen should read. It's called, "Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich-And Cheat Everybody Else."
Hurricane Katrina has punched a hole in the President's plan to permanently eliminate inheritance taxes and other tax cuts according to many news artilces, including this one from www.taxanalysts.com
We found several sites offering useful information about taxes:
Resource: http://www.askquestions.org
Taxes are political and controversial. Editors at the National Review, a conservative current events magazine, argue that the Bush tax plan will allow ordinary people to save more and provide greater incentives to work, save, and invest.
On the other side, a Washington Post editorial piece called "Good for Investors, Bad for the Rest" argues that decreases in the dividend tax and the future elimination of the estate tax cater to high-income earners and not the middle class.
A new book from New York Times reporter, David Cay Johnston is a must-read on this subject. Already making waves in political circles, the book is one that every concerned citizen should read. It's called, "Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich-And Cheat Everybody Else."
Hurricane Katrina has punched a hole in the President's plan to permanently eliminate inheritance taxes and other tax cuts according to many news artilces, including this one from www.taxanalysts.com
We found several sites offering useful information about taxes:
- United for a Fair Economy, is a non-profit organization that "raises awareness that concentrated wealth and power undermine the economy, corrupt democracy, deepen the racial divide, and tear communities apart." UFE published an article that answers some common questions about US tax policy "Winning Responses to Tough Tax QUestions."
- The Tax Policy Center, run by the Brookings Institution and the Urban Institute compiles a wealth of analysis of tax trends over time. For example, the TPC reports that corporate taxes have been falling sharply as a share of government revenue.
- Other useful statistics can be found at the IRS Tax Stats page.
- The Center on Budget and Tax Priorities works to protect low and middle income groups by analyzing policy proposals and publishing extensive data on the social consequences of economic policies.
- Citizens for Tax Justice also represents middle class people.
- The group Empower America argues for tax cuts and other reforms aimed at reducing taxes.
- And Taxpayers for Common Sense watchdogs government spending to help control waste.
Resource: http://www.askquestions.org
|