3.26.2014

America and taxes

What America Isn't, Or Anyway Wasn't - NYTimes.com:
... many people nowadays imagine that redistribution and high taxes on the rich are antithetical to American ideals, indeed practically communism. They have no idea (and wouldn’t believe) that redistribution is in reality as American as apple pie.
Real Americans also mostly misunderstand taxes. Workers who like the tax system because they got a big refund regardless of how much they paid, don't like overtime work because "the government will just take it all anyway", think they pay a huge rate but in reality pay very little. Retirees with 200,000 dollars in savings who think the "death tax" is going to get it all when they die. Many think a flat tax would be more fair to everyone.


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