Basic Facts about Taxes

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Steve Hochstadt: One obvious conclusion is that high, even very high tax rates on the wealthiest taxpayers do not impede economic growth.

Flat Tax a Flat-Out Fraud

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Robert Reich: All flat-tax proposals benefit the rich more than the poor for one simple reason: Today’s tax code is still at least moderately progressive. The rich usually pay a higher percent of their incomes in income taxes than do the poor. A flat tax would eliminate that slight progressivity.

The Flat-Tax Fraud, and the Necessity of a Truly Progressive Tax

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Robert Reich: Simple fairness requires three things: More tax brackets at the top, higher rates in each bracket, and the treatment of all sources of income (capital gains included) exactly the same.

In Memory of the GOP

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Tom Degan: It’s interesting to speculate what Lincoln and Roosevelt would make of their party today. It’s not much of a stretch to say that the both of them would be just a tad dismayed to see that it has been overtaken by half-wits and crazy people.

The Great Switch by the Super Rich

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Robert Reich: Forty years ago, wealthy Americans financed the U.S. government mainly through their tax payments. Today wealthy Americans finance the government mainly by lending it money.

Tax the Rich? Tax the Millionaires!

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Paul Hogarth: A “millionaire’s tax increase” is politically viable – because the public supports raising taxes, when they understand that they’re not the one who will pay them.

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Why Inequality Matters

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Ann Robertson and Bill Leumer: The only alternative available to working people that offers real prospects for success are mass mobilizations in the streets and strikes – the kind of militant struggles that scored so many gains in the 1930s.

Serious Tax Problems

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Tom Degan: The debt that the United States has incurred in the last ten years is now at a level where it’s probably insurmountable. The only solution (and that’s assuming there is a viable solution) will involve taxes – decades of serious taxation.

An Example of Hearst “Yellow Journalism:” SF Chronicle, LA Times Spread Phony Tax Hysteria

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In a shocking display of yellow journalism that would make William Randolph Hearst blush, the San Francisco Chronicle and Los Angeles Times both slapped on their front pages last Thursday a complete non-story in California tax law.

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