Sunday, October 10, 2004
Tax Burden Continues to Shift from the Wealthy to the Working Class
Global corporations are reaching a stage where they can decide how, where, and even if they want to be taxed. During the past twenty-five years, the trend has been unmistakable. Both relatively and absolutely, corporations pay less income tax. Relative to the middle class and the poor, the super wealthy are paying on the whole a smaller percentage of their income in overall taxes.