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With the state and federal governments deeply in debt, some are calling for higher taxes to balance the budgets. But politicians running for office are loathe to say they support higher taxes of any kind. Ohio State University public policy professor Jason Seligman told the Columbus Metropolitan Club on Wednesday that economic anxiety is fueling the anti-tax sentiment. Seligman says the current tax burden is a little low compared to past eras. He predicts Ohioans and Americans soon will be willing to pay higher taxes.
Seligman says tax rates have remained low since the early 1980's because government has borrowed money to pay the cost of government services. He reminded the audience that shortly after World War Two, the highest income bracket faced an income tax rate that topped 90%. |
