Blogs: Progressive Tax

Flat tax, Fair tax, progressive tax. Call it whatever you want, the fact is the people that generate the most income will end up paying the most in taxes. Whichever way we go, you'll still end up paying about the same amount. ...

An income tax rate of 4-5% is completely in line with other states, and those that don't use a flat tax rate like Illinois use instead a progressive tax system that taxes wealthier individuals at a MUCH higher percentage rate (something ...

Although Thomson Reuters reported an 8 percent drop in operating earnings an a 2 percent decline in revenue for the second quarter ended June 30, its Tax and Accounting business showed an 8 percent increase in re.

Not that I am some kind of pinko who has something against unearned income, but it was a surprising revelation that the elites twisted what was supposed to be a progressive tax. Flag as inappropriate ...

The primary purpose is revenue raising - if we want to incorporate some egalitarianism in how that gets done with a progressive tax code, that's fine. But by looking at the after tax income first, Dionne puts the cart before the horse. ...