Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Tuesday, April 09, 2002
Robbing Peter To Pay Paul
George Bernard Shaw had it so right when he said "A government which robs Peter to pay Paul can always count on Paul's support." One of the sneaky strategies our rulers in DC have been doing over the past several years is shifting the tax burden off of the lower income masses and onto the back of the few evil rich. This capitalizes on the widespread envy and hatred of successful people in this country.
I was glad to see the fairly widespread coverage of this AP story showing that the evil rich pay most of the taxes in this country. The "progressive" tax rate structure in this country confiscates a much higher percentage of the income form the top producers than of the lower income people.
When it comes to sheer voter power, the Pauls (lower income) vastly outnumber the Peters (evil rich). Is it any wonder who the politicians pander to?
For newcomers who don't understand my use of the term "evil rich," please check out this explanation.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 4/09/2002 01:02:00 PM Send this post:
