The truth about in­come taxes

Los Angeles Times - - OPINION -

Re “Bold tax re­form would rely less on the top 1%,” Col­umn, June 1

Ku­dos to Ge­orge Skel­ton for help­ing de­bunk the myth that the rich do not pay their fair share of in­come taxes in Cal­i­for­nia. The sta­tis­tics he pro­vides show that the op­po­site is in fact the case.

State Con­troller Betty Yee uses the term “tax ex­pen­di­tures” to de­scribe tax breaks that cost the trea­sury money. She’s kid­ding, right? A tax ex­pen­di­ture is what tran­spires when the state (i.e., Yee, Gov. Jerry Brown and oth­ers) con­tin­ues to es­ca­late tax rates on taxpayers at near con­fis­ca­tory lev­els.

No won­der our once Golden State is in dire fis­cal straits, with lead­ers es­pous­ing such non­sen­si­cal ideas.

Peter S. Grif­fith

Arcadia

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