Political Economy

Taxes added to middle and lower class to pay for the huge cuts for the top 5%

Taxes added to middle and lower class to pay for the huge cuts for the top 5%

It’s disheartening to see that many people still don’t understand how taxes work. I often hear misguided statements like, “I didn’t pay anything last year, I got money back.” It’s crucial to realize that a tax refund doesn’t mean you didn’t pay any taxes. It simply means that you overpaid throughout the year, and the government is returning the excess amount. However, with the current financial situation and the need for more funds, we need to get used to paying more taxes. The government requires money, and it has already been spent.… Continue reading