Tuesday, October 13, 2009

Are the rich paying their fair share? -- latimes.com


Are the rich paying their fair share? -- latimes.com:

"When it comes to the state budget and state taxes, everybody knows the following facts:

People earning $75,000 or less pay little or no taxes now.

The same people use 99.9% of state social programs.

Ergo, millions of residents of this state are getting something for nothing, and the rest pay for their freeloading.

Of course I'm kidding. These are popular myths (I owe the formulation above to a reader's e-mail), not facts. Yet, like a cracked windshield, they have the power to distort almost everything we see when we turn our attention to state spending and taxation."