Friday, April 20, 2012

Quotation for Today: Is The United States Tax Code a Thieves' Code?

The United States tax code is an abomination and it is destroying the financial well being of middle- and working-class Americans.

The quotation for today -- across the jump -- aims our attention at the principal, infamous attribute of the United States tax code; a tax code that is the upshot of 30 years of Republican government, economic and monetary policies. 
"Some have argued that when it comes to the tax code, fairness isn’t the main issue."
"That strikes me as absurd. Striving for fairness is not only fundamental to the American experience, but should be the starting point for any tax reform."
James B. Stewart

James B. Stewart, a trained lawyer, writes the New York Times column "Common Sense" and is a professor of business journalism at the Columbia University Graduate School of Journalism.  Also, Professor Stewart is author of several books including Den of Thieves and Tangled Webs: How False Statements are Undermining America.

In his column of today, Professor Stewart excoriates the unfair and regressive United States tax code. The U.S. tax code rewards a few thousand ultra-rich Americans, like Republican presidential wannabe Mitt Romney, with a lower effective tax rate than the tax rate paid by millions of middle- and working-class Americans.  In his column, Professor Stewart employs his own 2011 tax return to illustrate the unfairness and regressiveness of the United States tax code.

To read Professor Stewart's complete column, follow the link in the enclosed citation.

Stewart, James B. "Common Sense: In One Man’s Return, the Tax Code’s Unfairness." The New York Times 20 April, 2012: online edition.

No comments:

Post a Comment