Thursday, March 11, 2010

TaxProf Blog: Tax Foundation: 52 Million (36%) of Tax Returns Pay Zero Income Tax

My feeling is that everyone should pay at least a nominal amount of taxes, and no one should pay to high a percentage of their income. I don't like the idea that politicians can "buy" votes of non-taxpayers by promising to soak the rich. As Margaret Thatcher said, "The problem with socialism is that eventually you run out of other people's money".

http://taxprof.typepad.com/taxprof_blog/2010/03/tax-foundation--1.html

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