- New custody law for equal time for dads begins today; some question law's relevance (8/28/16)5
- Marble Hill fires entire sewer department (8/23/16)5
- Ex-Southeast student gets probation for placing homemade sex video on porn site without woman's knowledge (8/24/16)13
- Bootheel lawmaker seeks probe into crop damage by illegal herbicide spraying (8/24/16)1
- Local private school dreams bigger, plans for new building at Sprigg and Lexington (8/22/16)
- Newsmakers 2016: Jason Bandermann (8/15/16)
- 'Santa' suspect Moffat sentenced to 12 years for sexual abuse of girl (8/23/16)2
- Schnucks bans solicitors, including organizations like Salvation Army (8/24/16)38
- Jackson girl stays planted on the farm (8/28/16)2
- Court ruling, state suggest businesses may apply use, sales tax to deliveries (8/24/16)2
Tax story had misleading data
To the editor:
The Associated Press article on Census Bureau data ("Figures show income gap increasing") does not pass muster as journalism. Propaganda would be a more accurate description. Income figures reported by the Census Bureau are before taxes. Anybody who has ever tried to budget his income knows you have to use take-home pay, not gross income figures.
The lowest 20 percent of U.S. taxpayers have gone from providing over 2 percent of all federal income taxes in 1977 to less than 1 percent in 1999, while the top 20 percent has gone from providing 59 percent in 1977 to 65 percent in 1999. Actual disposable income figures would probably give a very different picture.
This promotion of the idea of two Americas is a disservice to your readers. Like it or not, we are in this together. If the top 5 percent of taxpayers are taxed out of existence or driven out of the country, the rest of us will have to pick up a 50 percent tax increase to make up the difference. Talk about killing the goose that lays the golden eggs.
JOHN FOLWELL, Cape Girardeau