Yes, the eevil rich don't pay "their fair share."
Posted on 08/04/2011 6:20:24 PM PDT by Kaslin
Class Warfare: The president has spoken incesantly about "shared sacrifice" and the importance of everyone paying his or her "fair share." Yet the people whose taxes he wants to raise already shoulder the biggest burden.
Throughout the debt-ceiling debate, President Obama rode his talking points hard. He punctuated his lectures about deficits, the debt and the debt ceiling with demands that the debt he and the irresponsible members of Congress have rung up be paid for through a "shared sacrifice" of Americans who pay their "fair share."
Senate Majority Leader Harry Reid, the Democrat from Nevada, worked in a variation on the theme. Hardly had the debt deal been done that he didn't start talking about "equal sharing."
The implication, of course, is that the richest in this country aren't paying enough in taxes. It's a play to the Democrats' base. It's ugly class warfare, demagoguery of the kind that will always get the political left rolling. It also happens to be factually wrong.
Under federal tax laws, the richest Americans — the top 1% of earners — pay roughly 38% of the federal income tax revenue while earning only 20% of the national adjusted gross income, according to Internal Revenue Service data.
Meanwhile, the bottom 50% pays less than 3% of federal income tax revenue while earning almost 13% of the national adjusted gross income. And almost all of that small slice is paid by just a few at the top of that bottom-50% bracket: About 47% of U.S. households pay no federal income tax at all.
(Excerpt) Read more at investors.com ...
>>>>We would also like to know why the president gets to define “fair” for the purposes of tax collecting. Why does his definition and that of his party outweigh any other definitions of what is fair? That seems like the job of an emperor, not an elected president who swore that he would uphold the Constitution and its 14th Amendment requirement that everyone receive equal treatment under the law.
Yes, the eevil rich don't pay "their fair share."
They get the Peanuts and we get the shells
“You know the thing about chaos... ITS FAIR”
Joker
Gettin old DEMs. Besides, not many rich left.
We need a Flat Tax now.
Its really quite simple. From each according to his ability, to each according to his need with Obama being the arbiter of both sides.
Its really quite simple. From each according to his ability, to each according to his need with Obama being the arbiter of both sides.
Its really quite simple. From each according to his ability, to each according to his need with Obama being the arbiter of both sides.
Its really quite simple. From each according to his ability, to each according to his need with Obama being the arbiter of both sides.
That’s a handy little chart to have around. I can never seem to recall these figures off the top of my head. Which year is it for?
I prefer the Fair (consumption) Tax, but a Flat Tax is fine too.
47% pay nothing. A fair share is zero? How is that fair? Shouldn’t they at least pay a token $1.00? Wouldn’t it really be fair if everyone paid SOMETHING?
Democrat socialists. 47% pay nothing == their ‘fair share’.
That means they believe 47% of Americans DESERVE TO PAY NOTHING. It’s up to OTHER PEOPLE to take care of them. With Obama taking credit for it. Those 47% actually get money back. It is just sickening. Sickening we have so many Americans that believe they deserve to be taken care of by fellow Americans’ tax money ‘redistributed’ to them. Sickening so many politicians use citizens against each other.
That’s the goal.
>>That’s a handy little chart to have around. I can never seem to recall these figures off the top of my head. Which year is it for?<<
I picked it up from the article so I assume it is from the latest tax year...?
>>47% pay nothing. A fair share is zero? How is that fair? Shouldn’t they at least pay a token $1.00? Wouldn’t it really be fair if everyone paid SOMETHING?<<
Let’s not forget those who pay NEGATIVE, courtesy of the EITC. We pay THEM! Don’t hold me to the number, but from what I have been able to quickly determine, the number appears to be in the 20-30 million households.
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