Ending a Class Tax That Favors High Tax States

Ending a Class Tax That Favors High Tax States
AP Photo/Matt Rourke, File

Democrats are skilled and enthusiastic class warriors, so we can expect an envy offensive as Congress turns its attention to the Trump tax proposals. We will surely hear daily about the party of the rich shoveling money toward millionaires and billionaires at the expense of the restive working class that elected The Donald in the first place. And it's certainly true that some of the reforms would lighten the tax burden on many of the well-to-do. It would be hard for any tax-cut proposal to do otherwise, given that 85 percent of federal income taxes are paid by the top 16 percent of earners (those with incomes above $100,000) ...

Read Full Article »


Comment
Show comments Hide Comments


Related Articles

Market Overview
Search Stock Quotes