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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Ron who wrote (18730)8/13/2004 5:13:07 PM
From: upanddown   of 173976
 
Tax Burden Grows Heavier For Middle Class

How could it be otherwise? Huge cuts in upper-income tax rates, huge cuts in dividend and capital-gain rates, corporations paying zip. Middle class and upper-middle now have a large part of their investments in tax-deferred vehicles where dividend and capital gain tax rates mean absolutely nothing since all withdrawals are taxed at the much-higher ordinary income rate. Those tax cuts are just one more welfare program for the uber-wealthy.

Another factor...starving the IRS for audit funds has created massive tax cheating using some of the favorite tax-evasion vehicles of rich individuals and corporations, like offshore accounts and real-estate partnerships. Their audit rates are extremely low so why worry since the IRS has been told to spend a large chunk of audit funds on hounding the working poor on their earned income tax credits. Gotta do something about that damn socialism.
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