Dear Editor: Government Needs to Get Off Our Backs
November 30, 2022
Will congress enact more corporate tax cuts now that Republicans have taken control of the House of Representatives? Will they extend current corporate tax cuts? How about tax cuts for the rest of us? That’s right, 95% of us do not own stocks and bonds. The bottom 95% of us on the income hierarchy are subject to individual federal tax rates that range from 10% to as high as 37%! What about us?
I understand the necessity of paying taxes. Infrastructure, Social Security, Medicare, and the military are some of the necessary programs we pay for. I am glad to pay my fair shar...