Democrat Examiner: Our Regressive Tax System
media mention“Americans assume their tax system is progressive and fair, with the wealthy paying a greater percentage of their income to support government than the poor and middle class. Many Americans also assume the government takes money from the rich and redistributes it to the poor (the Joe the Plumber syndrome).
Those assumptions are wrong.
A just-issued report from the Institute on Taxation and Economic Policy (ITEP) concludes that government — all government, state and local, as well as the federal — redistributes income, from the poor and the middle class to the wealthy.”