Published on Apr 15, 2014
Robert Reich has a special Tax Day message, explaining why the wealthiest 1% pay a much lower tax rate than the rest of us–and what we can do about it. You can sign his petition here: http://petitions.moveon.org/sign/the-…
It’s tax time again when our minds turn toward paying the taxes we owe or possibly getting a tax refund. But what we don’t think about enough is whether our tax system is fair. The richest one percent of Americans are now getting the largest percent of total national income in almost a century. So you might think they’d pay a much higher tax rate than everyone else. But you’d be wrong. Many millionaires pay a lower federal tax rate than many middle-class Americans.
