Earlier this week Elizabeth Warren was asked by the Boston Globe a seemingly simple and straightforward question about her taxes: In 2011, did she pay the 5.85% rate (which is voluntary) on her Massachusetts state tax form? Since 2001, as I explained in a previous post, residents of the Commonwealth have had the option – if they so choose – to pay a higher tax rate than the 5.3% minimum. And since the former consumer advocate raked in more than $700,000 last year, the Globe believed their inquiry was an appropriate and reasonable one. At the time, however, she...
In response to:
Yes, it is pretty ridiculous to assert rich people need to give back more when they are the ones that have mainly paid for the public services everyone uses. Her logic should ask why should poor people not have their labor confiscated for the government because the most definitly take more than their "fair share" of public offerings.
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