Traverse City Record-Eagle

Archive: Monday

December 10, 2012

Letters to the Editor: 12/10/2012

The tax facts

The so-called rich people and big corporations that pay little or no taxes do so by hiring tax lawyers and lobbyists to find ways to exempt most or all of their income from taxes.

So, even if the rates on their income approached 100 percent they still would pay little or no taxes.

The only way to assure the elimination of this inequitable situation is to eliminate exemptions.

These are the tax facts.

John McCombs

Traverse City

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