Uncategorized

Opinion: The GOP rebrands itself as the party of tax cheats

Imrs php

‘Once upon a time, Republicans portrayed themselves as the party of small government and family values. Recently, though, GOP leaders have been cobbling together a new coalition, welcoming insurrectionists, white-nationalist tiki-torchers and people who think Bill Gates is trying to microchip them.

The latest recruit to the Big Tent? Tax cheats.

Here’s the backstory. Each year, about $600 billion in taxes legally owed are not paid. For scale, that’s roughly equal to all federal income taxes paid by the lowest-earning 90 percent of taxpayers, according to Treasury Department data.

These unpaid taxes — often called the “tax gap” — are predominantly owed by wealthy individuals. The richest 1 percent alone duck an estimated $163 billion in income taxes each year.
To be clear, rank-and-file wage-earners are not necessarily more honest or patriotic. It’s just much harder for them to shortchange Uncle Sam….’

— Catherine Ramped via Washington Post

Thanks for commenting

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s