Support Local News.

We've been with you throughout the pandemic, and now as vaccines become more widely available, we are reporting on how our local schools, businesses and communities are returning to a more "normal" future. There's never been more of a need for the kind of local, independent and unbiased journalism that The Day produces.
Please support our work by subscribing today.

Rich don't 'dodge' taxes, they avoid them

I object to the front-page headline, "Richest 1% dodge taxes on more than one-fifth of their income, study shows," (March 27). This headline, and the article, infer that all very wealthy people are evading income taxes, which is not true. Some people of all income brackets evade (dodge) taxes illegally, but this is a small minority. It is true that most taxpayers (including the very wealthy) avoid taxes as much as legally possible; such activity is encouraged and endorsed as proper by the IRS, everyone's CPA, all tax application software, and the Supreme Court of the United States. This is a big difference from dodging (evading) taxes.

Tax expert, Steven Rosenthal, quoted in the subject article, is correct. He says "...The solution to this avoidance at the top end is write better tax rules." Unfortunately, the U.S. Congress is unlikely to write better laws because they are some of the biggest beneficiaries of the legal tax avoidance loopholes in the thousands of pages of existing tax code. They should read Steve Forbes' writings on the need for a universal flat tax in this country.

Peter Landolt




Loading comments...
Hide Comments