The Great American Tax Ripoff
Every year, tax day–usually April 15–gets a lot of attention. But what taxpayers across the country fail to understand is that this pertains to income tax only. In reality, what Americans dish out in mid-April is a mere fraction of the taxes they actually pay. Consumer advocate Kristin Tate, author of How Do I Tax Thee: A Field Guide to the Great American Tax Rip-off, tells John Stossel, “Income taxes are arguably way too high, but they actually make up less than half of our actual tax burden.” Among the additional taxes levied on the public on a daily basis are for car registration, gambling, entertainment, property, universal phone service … the list goes on and on. Join Tate and Stossel as they debate the Great American Tax Rip-off.
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