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NEWS ABOUT: tax rates

Is Romney's 15% Tax Rate That Crazy?

Yes and no, experts say

(Newser) - When Americans heard that Mitt Romney pays a 15% tax rate , most probably assumed that was less than they pay—and they're probably wrong. Romney, after all, wasn't talking about his tax bracket, but his effective tax rate, meaning what percentage of his income he actually winds up... More »

Don't Raise Taxes on Rich; Redirect Money to Poor

Raising taxes would only create stagnation: Barone

(Newser) - "What should be done about income inequality?" This question "underlies the arguments hashed out in the supercommittee and promises to be a central issue in the presidential campaign," writes Michael Barone in the Washington Examiner . Barone's answer, based on a recent paper by Republican lawmaker Paul... More »

Taxing Rich Won't Help Middle Class

Government has hurt Americans, not the rich, says Ross Douthat

(Newser) - You can raise taxes on the rich to fight inequality, but that will only "trim the tallest poppies" and won't do anything to help the middle class, says Ross Douthat in the New York Times . "True social mobility and broadly shared prosperity are not so easily achieved,... More »

Rich People Don't Pay Less Taxes Than Secretaries

Some do, but most don't, AP fact check finds

(Newser) - Listening to Barack Obama's speech yesterday , you might have come away with the impression that millionaires everywhere pay less in taxes than their secretaries, as Warren Buffett has oft claimed. But that's hardly the case, according to an AP fact check. The claim relies on the fact that... More »

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