Thursday, July 24, 2014

2680 - Hazards of being poor

Here is a good article on 20 hazards and myths about being poor.

9. Pay more than their fair share of taxes. 
Some conservative pundits and politicians like to think the poor don’t pay their fair share, that they are merely “takers.” While it’s true the poor don’t pay as much in federal income tax — usually because they don’t earn enough to qualify — they do pay sales tax, payroll tax, etc. In fact, the bottom 20% of earners pay TWICE as much in taxes (as a share of their income) as do the top 1%.
(Source: Institute on Taxation & Economic Policy, January 2013)


Here's the whole ARTICLE.


2 comments:

The Mistress of the Dark said...

I knew I was getting screwed in a not so pleasant way :(

eViL pOp TaRt said...

So sad.