Here's a great an informative article from David Cay Johnston explaining why some "media-perpetuated tax myths" are wrong. These facts include:

  1. Poor Americans do pay taxes.
  2. The wealthiest Americans don't carry the burden.
  3. In fact, the wealthy are paying less taxes.
  4. Many of the very richest pay no current income taxes at all.
  5. And (surprise!) since Reagan, only the wealthy have gained significant income.
  6. When it comes to corporations, the story is much the same—less taxes.
  7. Some corporate tax breaks destroy jobs.
  8. Republicans like taxes too.
  9. Other countries do it better.

Johnston wonders when these facts will lead us to realize the grand GOP supply-side economics experiment has failed.

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