'Liberal media won't report it'

Print Article

The tax reform Republicans like Paul Ryan are working on will help all Americans.

It will also help corporations, which also helps Americans. Somehow liberals think this is a bad thing. American corporations pay the fourth highest tax rate in the world. That is costing us jobs.

The media repeat the Democrat talking points that the rich aren't paying their fair share. Really?

The Daily Signal points out according to the latest IRS data, the top 1 percent of income earners, those having an adjusted annual gross income of $480,930 or higher, pay about 39 percent of federal income taxes.

The top 10 percent of income earners pay about 71 percent of federal income taxes.

About 1.7 million Americans, less than 1 percent of our population, pay 71 percent of federal income taxes. Is that fair, or do you think they should pay more?

The bottom 50 percent of income earners, those having an adjusted gross income of $39,275 or less, pay 2.83 percent of federal income taxes.

Thirty-seven million tax filers have no tax obligation at all. The Tax Policy Center estimates that 45.5 percent of households will not pay federal income tax this year. With the Republican plan, even more Americans will have zero tax liability. But the media won't report that.

It is unfortunate that the liberal media continue repeating Democrat talking points without any counter-balance from moderate voices. The class warfare rhetoric is hurting America. We need Republican pro-growth tax reform.

Fran Hanus

Milton

Print Article

Read More Letters to the Editor

'Lies being told to Americans'

July 02, 2018 at 10:03 am | President Trump talked about enacting tariffs against other countries because they help the companies in their countries. What about this country? Foxconn just got $3 billion to build a plant in Wi...

Comments

Read More

'Choose Williams for superintendent'

July 02, 2018 at 10:03 am | I attended the School District of Beloit School Board meeting June 26 and listened to concerned citizens speak about the board's mishandling of the superintendent search. I wish I would have spoken ...

Comments

Read More

'Sports celebrity can be example'

July 02, 2018 at 10:03 am | On Saturday June 9th, CASA of Rock County hosted a fundraising event with Corey Linsley (starting center for the Green Bay Packers) and his wife, Anna. In addition to being affiliated with the Packe...

Comments

Read More

'A timely lesson on homophones'

June 25, 2018 at 9:21 am | It might be wise to consider a workshop on the topic of homophones for your staff. I refer to your article which appeared in the Beloit Daily News June 15-17 issue, the article being "Rape kit leads...

Comments

Read More

Contact Us

(608) 365-8811
149 State Street
Beloit, WI 53511

©2018 Beloit Daily News Terms of Use Privacy Policy
X