Tag: Taxes
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Should the Rich Pay Even More Taxes?
In my last entry, I examined and explained the difference between marginal and effective tax rates. In the midst of the current economic turmoil in the US, and the constant cry from the so-called “99%” I frequently hear that the rich are not paying enough in taxes, and that it’s time they paid their fair…
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Understanding US Federal Income Tax Rates
Today I joined in a discussion on Facebook that was prompted by the following video: Clearly this video is about the destructive effects of socialism on a personal drive to succeed. The Facebook discussion quickly devolved into the liberal folks screaming about how the rich need to pay their fair share of taxes, with the…