The Times-Dispatch today printed two letters responding to Barton Hinkle’s recent column on economic populism, focussed on how much of the overall tax burden the rich actually carry.
The first is an extract from this site’s post on Taxation and Fairness, stressing the fact that social insurance taxes are regressive, which offsets the progressivity in the income tax. The second letter, making almost the identical point, is written by Lee Hollett of Ashland, who used tax software to compare the estimated tax burden of a minimum wage worker and a corporate executive.
There’s also a nice letter just underneath (on the website) the two you reference about Pat Robertson’s failed predictions of God’s wrath in 2006. Maybe someone should start a year-end list of failed predictions…