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Showing posts with label european style tax system. Show all posts
Showing posts with label european style tax system. Show all posts

Sunday, April 11, 2010

America's European Style Tax System

Pure Redistributon

Far be it from me to defend taxation, and I certainly am not one to tout government as the chosen tool to ensure fairness except in treatment by the law, but this is a bit ridiculous wouldn’t you say?
About 47 percent [of US housholds] will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization.