martin dagata

Bill occasionally goofs badly. By suggesting that the high proportion of taxes paid by the wealthy in NYC is the general case, or any case at all, he ignores the fact that the very rich have written the tax code for their own benefit, that, as examples, 51 corporations paid no tax ai all on $40 billion of profits, ordinary Americans have higher effective rates of taxation than the super rich, and that the wealthy shield from taxation enormous profits from enormous wealth, as the general case. Bottom line is that the very rich do not pay their fair share, nowhere near it! This is a critically important issue for America now and Bill’s general implications from NYC data without any context belong in the category of misinformation damaging to the general welfare.