One more on taxes and politics. Every time I post about tax rates, every time, I get dozens of spittle-covered angry emails about the supposed fact that half of Americans — the lower half, income-wise — “pay no taxes”. It’s a total crock. It’s true that 46 percent of Americans pay no federal income taxes, but these are people with low incomes, and they pay all sorts of other taxes: sales tax, state tax, local tax, payroll tax, etc.
★ Friday, 19 August 2011