[Vision2020] Roger: The Rich Don't Pay More Taxes

[lfalen]

NICK
I don't dispute that the middle class gets hit the hardest on a percentage basis. As a percent of their income though the rich pay more unless (as is frequently the case) they have a lot of exemptions. No one should have to pay 75% of their income in taxes. High taxes stifle business expansion.
Roger

-----Original message-----
From: nickgier at roadrunner.com
Date: Sat, 09 Jan 2010 12:37:11 -0800
To: vision2020 at moscow.com
Subject: [Vision2020] Roger: The Rich Don't Pay More Taxes

> Hi Roger,
> 
> I've meaning to respond to a post of yours some time back, so I'm finally doing it.  You may have seen the article in the Daily News, but if you didn't, the Institute of Taxation and Economic Policy reported that in Washington State, the lowest earners pay (all taxes) 17.3 percent of their income in taxes while the top one percent pay 2.9 percent.  In my "economics" folder I have a note from The Economist that indicated that for all taxes America's rich pay 31 percent vs. 29 percent for everyone else.
> 
> Nick
> 
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