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Associated Press Laments Tragic Plight Of The Very Wealthy
Associated Press Laments Tragic Plight Of The Very Wealthy
By Igor Volsky
The Associated Press’ Stephen Ohlemacher is out with an article lamenting the tax burden levied on the richest Americans who are “paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.”
The piece, which seeks to contextualize the political debate surrounding the deficit in economic data, devotes its first eight paragraphs to “the poor rich,” characterizing the current tax structure as a great burden on higher income Americans. It’s not until paragraph 16 that Ohlemacher departs from the article’s opening premise to mention that the income gap between the rich and everyone else has exploded, helping to create the difference in tax rates.
Ohlemacher kicks off his article about the “new analysis” from the Tax Policy Center by lamenting that “families with incomes in the top 20 percent of the nation will pay an average of 27.2 percent of their income in federal taxes,” while “The average family in the bottom 20 percent of households won’t pay any federal taxes” and can claim “more in credits than they owe in taxes.”
A quote from a fellow at the Center, which is described as a nonpartisan “research organization,” succinctly sums up the problem: “My sense is that high-income people feel abused by being targeted always for more taxes,” Roberton Williams tells Ohlemacher. “You can understand why they feel that way.”
- more -
http://thinkprogress.org/economy/2013/03/04/1666771/associated-press-laments-tragic-plight-of-the-very-wealthy/
By Igor Volsky
The Associated Press’ Stephen Ohlemacher is out with an article lamenting the tax burden levied on the richest Americans who are “paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.”
The piece, which seeks to contextualize the political debate surrounding the deficit in economic data, devotes its first eight paragraphs to “the poor rich,” characterizing the current tax structure as a great burden on higher income Americans. It’s not until paragraph 16 that Ohlemacher departs from the article’s opening premise to mention that the income gap between the rich and everyone else has exploded, helping to create the difference in tax rates.
Ohlemacher kicks off his article about the “new analysis” from the Tax Policy Center by lamenting that “families with incomes in the top 20 percent of the nation will pay an average of 27.2 percent of their income in federal taxes,” while “The average family in the bottom 20 percent of households won’t pay any federal taxes” and can claim “more in credits than they owe in taxes.”
A quote from a fellow at the Center, which is described as a nonpartisan “research organization,” succinctly sums up the problem: “My sense is that high-income people feel abused by being targeted always for more taxes,” Roberton Williams tells Ohlemacher. “You can understand why they feel that way.”
- more -
http://thinkprogress.org/economy/2013/03/04/1666771/associated-press-laments-tragic-plight-of-the-very-wealthy/
Sick fucks!
Making hundreds of thousands hungry or homeless: 'Brutal' or 'a pittance'?
http://www.democraticunderground.com/10022457325
Income inequality is the real root cause of all our economic probles
http://www.democraticunderground.com/10022457480
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