- Obama shortens sentence of inmate from Cape (1/19/17)9
- Two subjects of interest in 1992 homicide to take polygraph tests (1/15/17)8
- Business notebook: Jackson salon owner also opens a clothing store (1/16/17)
- Area hospitals hope a box helps prevent infant deaths (1/19/17)6
- Cape SportsPlex contractor offers a look at the project (1/15/17)14
- Meat-processing plant faces $70K penalty for Clean Water Act violations (1/17/17)4
- Southeast to lose $3.5 million from state in budget cuts (1/18/17)21
- Local students to perform with choir at inauguration (1/19/17)3
- Subjects of interest in 1992 killing take polygraph tests; results not revealed (1/18/17)2
- Governor cuts $146 million, colleges take hit (1/17/17)
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