… give or take
Continuing from part 3, on why the rich are taxed less than everyone else. // 6. Corporations and businesses The largest business firms in America are in a position to exploit countless loopholes and exemptions and deductions, as well as lobby for and legislate new ones, that small and medium-sized businesses will never be able [...]
Continuing from Part 2, reasons why the rich are taxed less than everyone else in America. // 5. The rich spend less and save more It is a very common observation in economics that people with greater incomes tend to save more of their money. This is true not just in absolute terms, but in [...]
// Continuing from Part 1, reasons why the rich are taxed less than everyone else in America. 3. The rich enjoy outsize influence over the government The wealthiest Americans enjoy significant influence over the political and legislative process. They are able to nudge policy in this or that direction through their campaign donations, influence peddling [...]
On the surface, it may seem that the rich in America pay more in taxes than the middle class or poor. And technically, this is true. The tax code applies higher marginal income tax rates the further up on the income scale one gets. But this is only half the story. There are several key [...]
// These are the top 10 reasons why President Obama may win a second term in 2012, part one. 1. Incumbency As the incumbent, Barack Obama has a significant advantage that has documented over many election cycles. He enjoys built-in luxuries such as massive media and press coverage of anything he does or says, including [...]
