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One of the more provocative claims in the book is that the American tax system, taken as a whole, and including state and local taxes, is not progressive, meaning it does not tax the rich more than the middle class or working poor. Instead, they write in their book, when you include the totality of taxes, "The US tax system is a giant flat tax—except at the top, where it's regressive." That is, the rich now pay a smaller tax rate on their income than everyone else.Planet MoneyGREG ROSALSKY - Is the American Tax System Regressive?
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One of the more provocative claims in the book is that the American tax system, taken as a whole, and including state and local taxes, is not progressive, meaning it does not tax the rich more than the middle class or working poor. Instead, they write in their book, when you include the totality of taxes, "The US tax system is a giant flat tax—except at the top, where it's regressive." That is, the rich now pay a smaller tax rate on their income than everyone else.Planet MoneyGREG ROSALSKY - Is the American Tax System Regressive?
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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One of the more provocative claims in the book is that the American tax system, taken as a whole, and including state and local taxes, is not progressive, meaning it does not tax the rich more than the middle class or working poor. Instead, they write in their book, when you include the totality of taxes, "The US tax system is a giant flat tax—except at the top, where it's regressive." That is, the rich now pay a smaller tax rate on their income than everyone else.
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