Apr 12, 2010
For the 2008 tax year, we paid more than a trillion dollars to the federal government in individual income taxes. The total for all corporate income taxes paid last year to the federal government was one quarter of that, about 225 billion dollars.
Fifty years ago, the bosses paid twice as much in taxes by comparison. In other words, the bosses got their buddies in Congress to write them so many tax breaks that they cut their taxes in half.
As folk singer Woody Guthrie once put it, “Some men rob you with a six-gun, others with a fountain pen.”