Gilded Age Taxation...(teabag this!)

[goodboy]

The problem isn’t taxes. The problem is who pays taxes and who gets the benefits.

The federal tax code becomes less fair every year. Thirty years ago, the tax code was broadly progressive, reflecting shared contributions to public investments and our common good. Loopholes were fewer and covered such items as home mortgages that everyone could understand and appreciate.

Now the tax code is a scam. Billionaire hedge fund managers pay taxes at lower rates than their receptionists. Corporations get tax breaks for moving jobs overseas. Oil companies with the largest profits in corporate history receive annual tax breaks worth $14 billion, roughly twice the budget of the Environmental Protection Agency.

While rich people reap tax breaks, working people struggle just to keep even. <b>Adjusted for inflation, weekly wages were lower in 2007 than they were in 1979.</b>

http://www.ourfuture.org/report/2009041512/gilded-age-taxation

Of course the "grassroots" tea-bagging racists aren't upset about this...it's because their protest is a sham. The only thing missing from these racist hate-fests are hoods and burning crosses.

[goodboy]

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