| While we pay somewhere around 10 percentage points of GDP less in taxes than our friends in Western Europe,that's an apples-to-oranges comparison because their taxes buy free or very inexpensive comprehensive healthcare, free or deeply subsidized education all the way through grad school and more generous retirement benefits.We have to pay for that stuff out of our pockets.How can we reconcile the simple fact that Americans are living in one of the least taxed countries in the developed world with the reality that many working people feel they're being "taxed to death ?In the 1940s,corporations paid 43% of all the federal income taxes.In the 1950s,they picked up the tab for 39%.But by the time the 1990s rolled around,corporations were paying just 18.9% of federal income taxes, and they forked over the same figure in the 1st decade of the century.We working people paid the difference. |
Read the rest of the story HERE:
At www.alternet.org
At www.alternet.org
