…eper and compare tax revenues to GDP. But this too is not the tax burden that matters for families. What matters here is the total tax burden: income, state, local, excise, and “mandated fees”. This total has been increasing for the last couple decades — by some accounts it is over 60% but I …
You’re actually proving my point about income inequality. The rise of excise taxes and “fees” is a regressive tax on low and middle income earners. You can also count the race to the botom in public education, where government spending cuts have forced tuitions to skyrocket.
Taxes have decreased for corporations and the wealthiest people in this country. http://www.politifact.com/truth-o-meter/statements/2011/jun/29/barack-obama/barack-obama-says-tax-rates-are-lowest-1950s-ceos-/
If Mitt Romney is paying 14% tax on his carefully shielded income, there is something incredibly wrong with the system.