Hard Truths With Phil Heimlich

The income tax has grown exponentially over the years. Considering federal, state and local taxes, most Americans pay nearly 30% of their income to the government. Because the IRS requires taxes to be withheld, we don’t realize how much they’re taking until we look at our paystub. This unfair system is skewed, leaving the working poor and middle class feeling the brunt. I propose taxing wealth (such as the estate tax) instead of income. And tax cuts ought to be aimed at the working poor and the middle class, not high earners. Do you agree or disagree? Listen to this episode before you decide!