« Continue Browsing

Article Preview

U.S. tax structure needs an overhaul

Published 02/15/2012, DL-Online

I am a part of the 99 percent but I don’t envy the rich. What I do envy is the fact that the rich can hire high-powered accountants that can find all imaginable loopholes to help them lower their income to the lowest level possible and on top of this pay 15 percent on this income. This in turn helps the high-income earners to pay the least amount they owe for taxes. The people in the middle do not have this advantage because every penny they owe the government on their taxes must be paid because it shows up as income and there is nowhere to hide money. Besides this, the middle tax payers pay a higher rate than the rich, which is unfair in itself.

Word count: 351

Log In

The full article is available to newspaper subscribers. If you are a subscriber please log in to continue reading.

E-mail:
Password:
 

Are you a newspaper subscriber but you don't have a Digital Access account yet? Click here to set one up. You will need your subscription account number and phone number.

Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Reset Your Password

Please enter your full e-mail address. We will e-mail you a temporary password.
E-mail: