Closing the Fairness Gap
President Obama talked about “tax fairness” yesterday. To illustrate the “fairness gap” I have modified a chart by the Center for Tax Justice. It charts ALL taxes paid by each income group. Unlike, Conservative commentators the CTJ didn’t single out only income taxes.
You can see that our tax system is designed to be “progressive.” The economically “stronger” among us carry more of the weight. This is real family values. I don’t know of a father who would carry a backpack while the children carried the suitcases.
Because of the voting and donating power of upper middle class Americans, politicians over the last 30 years have lower the taxes for people earning between $150,000 and $1 million. It is this SMALL fairness gap that the President is addressing.
Should someone earning over $340,000 have a lower tax burden than someone earning $150,000? Most Americans would say “no, this is not fair.” Get ready for much screaming to cover up this fact.
Modified Photo from http://www.ctj.org/pdf/taxday2009.pdf
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