Part 6/10:
- The Rich Already Pay Their Fair Share: Current taxation systems disproportionately burden lower-income workers with regressive taxes, while the wealthy often evade significant income taxes.
These myths are weaponized by those benefiting most from the status quo, impeding meaningful tax reform aimed at creating a more equitable society.
Practical Solutions for Tax Reform
To rectify the imbalance in the tax system, several strategies have been proposed:
- Repeal the Trump Tax Cuts: These tax cuts disproportionately benefited wealthier individuals and corporations and have led to a historic low in effective tax rates for affluent families.