These findings raise serious questions about the future of the U. S. income tax system. The majority of the federal tax burden is being borne by a shrinking pool of taxpayers. As Congress considers tax reform proposals during the coming year, this is an issue lawmakers should begin to debate.
More Quotes from Scott Hodge:
The problem isn't the number of dollars Illinois gets back from Washington. It's the number of dollars Illinois sends Washington in the first place.Scott Hodge
Alaska has the third best tax system for business in the nation for the second year in a row.
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What we need is a windfall profits tax on government. Government makes far more money per gallon than the oil companies do.
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You're foursquare in a dilemma if you want to broaden the base and lower tax rates. If you broaden the base, you raise taxes on people who pay nothing, and if you lower rates you cut taxes for the rich.
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Taxes matter to businesses. How a state taxes business is just as important as how much a state taxes businesses.
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It is absolutely staggering the amount of money the oil companies already pay in taxes. Government has profited more from the oil industry than the oil industry has profited from consumers.
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