Saturday, September 26, 2009

American Socialism

The incentives, giveaways, and hand-outs of taxpayer dollars to the wealthiest are plenty. That is, we have a system whereby those whom need the least assistance have the most potential to avoid taxation, yet, at the same time, are offered the most opportunities to reap benefits from the system. This has led to an overall regressive tax system.

The tools are:

Mortgage Interest Deduction


Depreciation Schedules


Capital Gains


Site Selection

Tax Credits

Property Tax Abatement

And these are only a few of the tools used to fleece unsuspecting taxpayers against their own best interests.

For Further Reading:

Carrying Burden For Super Rich

Closing The Other Tax Gap

Corporate Taxes Under Attack

No Tax on the $845 Million Sale of the Cubs

Researching Economic Development Subsidies

State Tax Issues: Wisconsin

Tax Evasion

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