Our friend Nick Daum doesn't like my post on income tax burdens. While I appreciate Nick's comments (and his kind words about our blog), I stand by my post 100%, and I'll only recap what I said before.



Well over half of the income taxes in this country are paid by five percent of us. The bottom half of us pay only four percent of all income taxes. There are an awful lot of reasons why that might spell trouble for a democracy, and as I'm sure Nick knows, plenty of them are grounded on neither "civic republicanism" nor "crass political redistribution." (Note to Nick: I share your distaste for "forced political socialization.")



Finally, I proposed a change that would ensure that all income-earners pay income taxes, however nominal, while making payroll taxes less regressive, leaving the overall tax burden on poor people unchanged. I'm confused about how, exactly, that makes me guilty of "reverse class warfare."



On a related note, reader RM likes my proposal, and adds a few of his own, including "allow every wage earner to invest a percentage of their payroll taxes in dedicated retirement accounts."

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