Brewtown Politico

Carrying a little stick and speaking loudly in Milwaukee


Syndicated columnist Molly Ivins had an excellent column on Tax Day this past week.

In it, she quotes author David Cay Johnston whose recent book details how the tax burden has increasingly shifted to the middle class thanks to government policy.

"People making $60,000 paid a larger share of their 2001 income in federal income, Social Security and Medicare taxes than a family making $25 million, the latest Internal Revenue Service data show. And in income taxes alone, people making $400,000 paid a larger share of their incomes than the 7,000 households who made $10 million or more."

The rest of us are subsidizing not only the super-rich, but also corporations. Fifty years ago, corporations paid 60 percent of all federal taxes. But by 2003, that was down to 16 percent. So individual taxpayers have to make up the difference, as corporate profits soar and wages fall.


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