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Taxes: Are the Poor Paying Their Fair Share?
The loud and persistent cry we hear from Democrats, liberals, and progressives is that “the rich” aren’t paying their “fair share” of taxes. What they really mean is that “the rich” aren’t paying their “fair share” of federal income taxes, since “the poor” are certainly paying Social Security tax of 6.2 percent and Medicare tax of 1.45 percent on every dollar of their income, as well as state sales taxes and federal excise taxes on things like alcohol and gasoline...Read More
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