Do the rich really pay an unfair share?

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Misconceptions and Realities About Who Pays Taxes

By Chuck Marr and Chye-Ching Huang || Updated September 17, 2012 || Center on Budget and Policy Priorities

Executive Summary

Close to half of U.S. households currently do not owe federal income tax.  The Urban Institute-Brookings Tax Policy Center estimates that 46 percent of households will owe no federal income tax for 2011. [1]   A widely cited figure [...]

The Truth About Taxes

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Basics

The income tax on individuals and the payroll tax, which is deducted from workers’ wages and used to help finance Social Security and Medicare, each made up about 40 percent of federal revenues in 2010. The federal government also collects revenue from corporate taxes, excise taxes, and other sources.

Policy Basics: - The Child Tax CreditThe 2001 and 2003 Tax CutsWhere Do Our Federal Tax Dollars Go?The Estate [...]

10 Things Republicans Don’t Want You to Know About Taxes

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By Avenging Angel

Tax Day 2012 has been a busy one for the propagandists of the Republican Party.  After the GOP successfully filibustered the Buffett Rule in the Senate, House Speaker John Boehner claimed that Republicans are “listening to the American people.”  Of course, what Boehner, Mitch McConnell, Mitt Romney and their allies don’t mention is that the Democratic proposal to implement a minimum 30 percent tax [...]

How does economic inequality affect your health?

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Thanks again inequality.org!

Inequality and Health

How does inequality and health relate? Increasing evidence from scientists the world over indicates that many health outcomes — everything from life expectancy to infant mortality and obesity — can be linked to the level of economic inequality within a given population. Greater economic inequality appears to lead to worse health outcomes.

By greater inequality, epidemiologists — the scientists [...]

CLASS WARRIOR OF THE WEEK: Robert B. Reich

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REICH has spent years fighting for the middle class. He as written many books, educates students about the issues, and produces a highly informative blog, RobertReich.org

Don’t forget to check out his new book!!

[...]

Inequality = Unhealthy Economy

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Why Economic Inequality is Not Good for the Economy

by ROB URIE

The nineteenth and twentieth centuries saw multiple discourses on the relationship between concepts of ‘truth’ and power—social, political and economic. The ‘view from nowhere,’ the rhetorical device of science and economics used to claim that truth exists in ‘the world’ outside of social relations has faced challenges from Marxian materialists, phenomenologists, cultural anthropologists and post-modern deconstructionists. It persists [...]

Inequalistan: Debunking the “top 10% pay 70% of all income taxes” baloney

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By Xeni Jardin ||

Chris Hayes has a new show on MSNBC, “Up with Chris Hayes,” and the first week has been pretty great. In the clip above, he illustrates the bait-and-switch trope being tossed around by conservative pundits of late—this notion that “the top ten percent pay 70 percent of all income taxes.” Chris debunks that by presenting the tax [...]

Michael Moore: The Execs at GE Are Laughing at What a Bunch of Suckers We Are for Filing Our Taxes — Let’s Make Them PAY

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The joke’s on us, folks. GE and tons of other corporations will have a tax bill for 2010 of ZERO.

Friends,

Do you wonder (like I do) what the tax accountants and executives are doing over at GE this weekend? Frantically rushing to fill out their IRS returns like the rest of us?

Hardly. They’re taking the weekend off to throw themselves a big party and have [...]

Fighting for a People’s Budget

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By Katrina vanden Heuvel |

On Wednesday, President Obama spoke in eloquent language of our social contract, of a progressive patriotism, and of a role for government that helps us “do together what we cannot do as well for ourselves.” It was a clear rebuke to the GOP’s Robin Hood in Reverse agenda—taking from the poor and middle-class in order to preserve tax breaks for corporations and the wealthiest [...]

Tax Me, I’m Rich, Says Deep-Pocketed Group

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By Alan Farnham |

Patriotic Millionaires for Fiscal Strength–rich guys in favor of raising taxes on themselves and other wealthy people–say they are irritated over President Obama’s failure to do just that.

Nor do they believe his latest announcement that he intends to try again, says Erica Payne, founder of the Agenda project and coordinator of the Patriotic Millionaires campaign.