TheBadPlaceOpinion Voices | Letters to the Editor: If we're debunking tax myths, let's look at trickle-down economics
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The article critiques Veronique de Rugy’s op‑ed on U.S. tax myths, arguing that her conclusions mischaracterize corporate taxation and the effects of “trickle‑down” economics. It highlights how, despite a married couple earning $96,951 being taxed at 22 % in 2025, major corporations like Tesla paid no federal income tax and Amazon paid only 1.5 % of its $80 billion operating income, while the 2017 tax cuts slashed the corporate rate from 35 % to 21 %. Commentators point out that reduced corporate taxes primarily benefit shareholders and executives—not workers or customers—citing Tesla’s $1‑trillion compensation package for Elon Musk as an example. They also note that although high earners pay most income tax, the ultra‑wealthy rely on capital‑gains treatment, “buy‑borrow‑die” strategies and low salaries to lower effective rates, shifting the tax burden to the broader workforce. The piece calls for a reconsideration of preferential tax policies and a return to the principle that those who receive the most should contribute proportionally to public finances.
#Veronique #Tesla #Amazon #IRS #ElonMusk #SocialSecurity #Medicare #TaxCuts #U.S.government #TaxCutsAct # #VeroniquedeRugy
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Letters to the Editor: If we’re debunking tax myths, let’s look at trickle-down economics
'Economist John Kenneth Galbraith famously described and debunked trickle-down economics, where reduced corporate taxes supposedly benefit consumers, this way: "If you feed enough oats to the horse, some will pass through to feed the sparrows,"' writes an L.A. Times reader.
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