August 26, 2015

News and Observer: Unfair ‘Bill of Rights’

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According to the Institute on Taxation and Economic Policy, “The personal income tax can be – and usually is – the fairest of the main revenue sources relied on by state and local governments. When properly structured, it insures that wealthier taxpayers pay their fair share, provides lower rates on middle-income families, completely exempts the poor, and allows low-income tax credits that can be used to offset the sales, excise and property taxes that fall most heavily on low-income families.”

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