Tax Statistics: In Focus-Myth and Reality

The following Article is a very useful reference as we frame the context in which we discuss our tax regime, for good and bad: (with thanks to the NY Times) October 31, 2007 Economic Scene Plain Truth About Taxes and Cuts By DAVID LEONHARDT You’re going to hear a lot about taxes over the next two years. Some of the things you hear will be true. Others will be less true. The goal here today is distinguish between the two. Last week, Charles B. Rangel, the Democrat who heads the House Ways and Means Committee, introduced a bill to overhaul the tax code. Above all, it would raise taxes on the affluent to pay for the elimination of the alternative minimum tax, which is hitting […]

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