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DEBUNKED Nine Myths About Who Pays Taxes

Nine Myths About Who Pays Taxes

Feeling bitter about your IRS return on the eve of Tax Day? This won’t help. In a lengthy piece, Pulitzer Prize-winning tax reporter David Cay Johnston looks at some common myths about who pays taxes. Not only do the wealthy not pay a disproportionate amount of taxes, their share of the burden has been steadily decreasing in recent years. And many of the wealthy have found ways to avoid paying taxes altogether, including billionaire hedge-fund manager John Paulson.

April 14, 2011 5:43 AM