- Committee to start planning process for indoor aquatic center in Cape (6/20/18)1
- Judge denies order of protection for woman accusing deputy of stalking her (6/23/18)5
- Leland Shivelbine, longtime Cape music lover, businessman, dies at 92 (6/25/18)
- Longtime downtown Cape bartender Marcellus Jones remembered by friends (6/12/18)2
- Southeast to spend $150,000 to refresh brand with Ohio firm (6/19/18)6
- Poplar Bluff nail manufacturer gets hammered by new tariffs on steel (6/22/18)7
- Peter Kinder resigns federal agency post, concludes position unnecessary and waste of tax dollars (6/16/18)2
- Stooges in Jackson under new ownership (6/23/18)
- Scott County Sheriff Wes Drury responds to issue involving deputy (6/23/18)2
- Neal Boyd blessed us all with his God-given talent (6/19/18)
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