This brief Time.com article says a lot! Four common myths.

[szh]

http://business.time.com/2012/12/26/fou ... tter-daily

The article debunks four common myths - for a change, the media gets it right!

Myth 1: The Bush cuts in tax rates caused the deficit.

Myth 2: Taxes are lower than they used to be.

Myth 3: U.S. income taxes aren’t very progressive.

Myth 4: Raising tax rates will fix America’s budget problems.

Well worth the read!

Z