- Man shot by police ID'd; witness shares his side of story (2/17/17)31
- MSHP: McLendon shot in side; autopsy refutes witness account (2/19/17)23
- Apparent punch at girls basketball game propels lawmaker into action (2/21/17)4
- Cape officer shoots man inside a home (2/16/17)7
- Business notebook: Owners ready to roll out the Barrel 131 (2/20/17)6
- Former Cape cop indicted on possessing child porn (2/17/17)2
- Man dies after being shot by officer; said to have come at cop with knife (2/16/17)29
- Missouri bill would limit transgender school bathroom access (2/22/17)47
- Annual father-daughter dance provides some fun bonding time (2/19/17)1
- Cape businessman known for starting NARS dies at 49 (2/23/17)9
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