Progressive Taxes Aimed Squarely at the Middle Class::By David Strom
How often have you heard phrases like "tax cuts for the rich" hurled as epithets by liberal activists?
It's like a mantra. Every time a tax cut is proposed, liberals go apoplectic about the supposed injustice of it all. It's as if conservatives were suggesting sending out the Sheriff of Nottingham to shake down the peasants to subsidize the lavish lifestyles of the rich and famous.
Well, I have news for you: it's the liberals who are shaking down the peasants, and their "socially just" policy of progressive income taxation is aimed squarely at middle-class people working their way up the economic ladder, not at the "rich" who supposedly pay the most under this system.
Liberals have it exactly wrong, as usual.
Let's examine the premise of progressive income taxes. It's pretty simple, really: people with lower incomes pay a smaller share of their income than people who make more money. The lowest Federal income tax rate, for single people making up to $7550, is 10%. The highest rate, for single people making over $336,550 is 35%. There are basically 6 tax brackets.
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