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Friday, April 15, 2011

Proof that those Tea Party jerks don't know what they're talking about

David Cay Johnston has probably forgot more about taxes than I’ll ever know. He teaches it at Syracuse University’s law school and in 2001 he won a Pulitzer Prize for exposing tax loopholes. He is about to publish a book called The Fine Print about how big business screws the little guys.

Anyway, Johnston has compiled a lot of research into an article called 9 Things the Rich Don’t Want You To Know About Taxes, which debunks all those myths and outright falsehoods of the so-called theory of supply side economics that were first proposed by Ronald Reagan, carried forward by the two Bushes and are now the mantra of the Tea Party right-wingnuts. It is a must-read, but unless you one of those top 1 percenters it will probably enrage you to learn how the rich take advantage of the rest of us.

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