Tag Archives: government revenue

A Word of Caution on Tax Hikes

And consider a real world observation. In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs. This number fell to just 6,000 after Gordon Brown introduced the … Continue reading

Posted in Economics | Tagged , , , , , , | 1 Comment

Nearly Unanimous: All Americans Should Pay Income Taxes

Seventy-nine percent say everyone should pay something, according to a Fox News poll released Thursday. That includes 85 percent of Republicans, 83 percent of independents and 71 percent of Democrats.

According to the IRS, last year approximately 41 percent of tax filers did not pay federal income tax. The Tax Policy Center estimates that will increase to 46 percent this year. Continue reading

Posted in American Society, Economics | Tagged , , , , , | 10 Comments