Sunday, October 16, 2005

A tax by any other name...

Talking about Tax

Ian Welsh @ BOP points to an article about Canadian taxes by Linda McQuaig @ The Toronto Star

his conclusion:

The same thing, by the way, is true of the US - at the current time the US system is either a flat tax one, or slightly regressive. People who try and tell you that the rich pay more taxes as a percentage of their income (never mind wealth) are simply lying to you; they are attempting to make income tax into all taxes.

For the past thirty odd years the privileged have gotten richer and everyone else in the US has treaded water in terms of income, while taking on more and more debt. The picture in Canada is better, but not a lot better.

But if you take one thing away from this article I would ask that it is this: never, ever, allow anyone to act as if income tax is the only tax and anytime someone does, know that you are dealing with someone who is lying to you..


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