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Author: MadCapitalist Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 756844  
Subject: Re: Mr. President, the worst thing you've done.. Date: 1/13/2013 9:19 PM
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The fact of the matter is that is not true at all. As a proportion of income, the poor pay more in taxes. Not in income taxes, but all taxes. This started under Reagan, when the top rates were lowered, state and local communities had to scramble. Leaving out income taxes plays into a cynical ploy that they are separate issues, when the truth is the socio-economic-behavioral impact is based on the total burden.

jwiest


This is a curious assertion, because when federal income tax rates were lowered under Reagan, tax revenue as a percentage of GDP actually increased.

http://online.wsj.com/article/SB1000142405270230425930457637...

If liberals were logical, they would have been in favor of the Reagan income tax *increase*.
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