CBS 2 Chicago wbbm7801059 670 The Score

Local

Walter’s Perspective: Tax Day Not Fair On The Little Guy

Walter Jacobson

Walter Jacobson (CBS)

Don't Miss This
Don't Miss This

CHICAGO (CBS) – Tax Day is not a good day for me, or for millions of Americans like me, digging deep for the IRS — while hearing on the news that President Barack Obama’s digging shallow, paying just a 20% tax rate; and Mitt Romney’s hardly digging at all, paying a 14% percent rate on the $20 million he earned last year.

And the lucky corporations like Verizon, and Boeing, and Apple making billions of dollars in profits, but paying less than a 10% tax rate for the IRS.

Those are lower rates than any I know, because big businesses hide earnings outside the U.S., because the politicians in Washington pass laws to allow it, because the lobbies pass cash to pass laws.

It’s no wonder public opinion of the Congress is 80 percent disapproval, because people suspect that what members of Congress care most about is the money they stash to campaign for re-election.

That is, in fact, what they care most about: money, in any which way they can get it.

Listen Live!

RSS Most Popular News

Follow CBS Chicago

Like us on foursquare

RSS Contests & Promotions

  • Marquette County Convention & Visitors Bureau Post Game Show Giveaway May 10, 2013
    Listen to The Score’s Baseball Post Game Show for your chance to win a $100 lodging gift certificate from the Marquette County Convention & Visitors Bureau!
  • OREO Text-In Giveaway May 6, 2013
    The OREO King Size single serve packs are ideal for on the go snacking and sharing. To celebrate OREO King Size packs, text the keyword “OREO” to 67011 to enter for your chance to win a $250 Visa gift card!
  • Enjoy Golf’s Best Round With GREY GOOSE Vodka May 1, 2013
    Enjoy Golf’s Best Round this season with GREY GOOSE Vodka! Visit your participating retailer today and purchase one 750 mL or larger bottle of GREY GOOSE Vodka to receive one free round of golf!
  • Rivers Casino’s Baseball Fever Giveaway May 1, 2013
    Get Baseball Fever at Rivers Casino Sundays & Tuesdays in May! You could win great prizes and up to $25,000. Plus print out the WILD CARD that can help you win even more!
WBBM Newsradio 780, Radio Stations & Broadcast Companies, Chicago, IL

Twitter Updates