Taxes

Would Obama’s Robin Hood Tax Plan Redistribute Wealth?

The National Taxpayers Union and the National Taxpayers Union Foundation prepared some easy-to-read tables entitled “Who Pays Income Taxes?” for tax years 1999-2006 using Internal Revenue Service data. According to them, the top 1% of income earners in 2006 paid 39.89% of all personal income taxes while the bottom 50% of income earners paid just …

Would Obama’s Robin Hood Tax Plan Redistribute Wealth? Read More »