Rick Lowe
When I hear people talking about changing the tax system because our system is not equitable I can only shake my head because it's obvious they're just buying into the left wrong rhetoric in the US.
A recent article by Alan Reynolds at The Cato Institute should make our politicos stop and think.
But will it?
Here's a snippet that I'm sure most people do not consider:
"A 2008 study of 24 leading economies by the Organization of Economic Cooperation and Development (OECD) concludes that, "Taxation is most progressively distributed in the United States, probably reflecting the greater role played there by refundable tax credits, such as the Earned Income Tax Credit and the Child Tax Credit. . . . Taxes tend to be least progressive in the Nordic countries (notably, Sweden), France and Switzerland."
It baffles me how people repeat the myth that wealthy people pay so little in taxes.
