Here's some info that got me steamed even more than I usually am about taxes...what do all of you who bust your a$$ to maintain an old MB think of this?
NEW NUMBERS! WHO PAYS WHAT TAXES!
I just got a letter from someone on Tuesday of this week asking me for the source of these numbers. Her liberal friends swear it’s all just Conservative propaganda. Well, here you go. These just-released figures are for the 2000 tax year, the last year for which IRS figures are available.
Income-----------Taxable------Percent of---------------Percent of Total
Percentile------Income-------Total US Income-----Income taxes paid
Top 1%--------$313,469------20.81%-----------37.42%
Top 5%--------$128,336------35.30%-----------56.47%
Top 10%-------$92,144-------46.01%-----------67.33%
Top 25%-------$55,225-------67.15%-----------84.01%
Top 50%-------$27,682-------87.01%-----------96.09%
Now … while you’re looking at this table, let’s reconsider the Democrat’s economic plan, as articulated (if that’s the word) by Dick Gephardt and Tom Daschle. They want “refundable” tax credits for “middle and lower income Americans.” Just who are the middle and lower income Americans? Surely the top 25% of income earners can’t be included in this group. The top 25% just isn’t in the middle. Middle income would be the middle 50% … from 25% to 75%. Lower income would be the lower 25%. Pretty clear, right? Well … look at the chart again. This means if your family income is $55,225 or more then you aren’t included in this group the Democrats want to give money two. You’re just not part of their phony tax rebate plan. You’re rich. Pay up.
Now … I’m going to post here a part of my "The Democrats’ Secrete Plan for America” essay.
Remove a majority of voters from responsibility for income taxes
This is the biggie – and they’ve made no attempt to hide their goals here. The Democrats have been working on this plan for decades --- with no small amount of help from the cowardly Republicans. The idea is simple. Using “refundable” tax credits and deductions and such ideas as the fraudulent Earned Income Tax Credit the Democrats are working to shift the entire burden for the payment of federal income taxes onto a minority of US taxpayers. Right now the top 50 percent of taxpayers pay almost 96 percent of the taxes. The Democrats are close to their goal. When the majority of voters have no federal income tax liability it will be almost impossible to pass any meaningful tax cuts – and further tax increases will be a piece of cake, especially if the taxes only affect those to be considered to be rich. Through this ploy the Democrats plan to create a defeat-proof socialist congress.
http://www.boortz.com/demsecrets.htm
And just why do these statistics make it almost impossible to pass any more real tax cuts? Because the taxes are almost all being paid by the top 25% of income earners. By definition these people only represent 25% of the vote – and most of them probably vote Republican! The Democrats want their money, not their votes. They’ll just use money to pay the bottom 75% for their votes. So, any time a tax cut is proposed for the high-achievers all the Democrat ideologues have to do is start screaming “tax cuts for the rich” and the tax cuts die.
I heard someone complaining about these statistics yesterday. This woman (big surprise) was complaining that so much income was concentrated in so few individuals. She went on to say that it was probably all inherited anyway .. so it’s really OK that they should be carrying the tax burden.
News flash. Of all the people in this country with a million dollar net worth, less than two percent inherited that wealth.
The truth is many people just don’t want to believe that these people at the top of the income scale actually earned that money. They want to believe that they inherited it or got that money by some nefarious means. They cheated, they stole, they exploited --- anything but earned. Believing this gives those in the lower income groups a sense of comfort and self-satisfaction. Once they adopt the mindset that rich people didn’t actually earn all that money, they can excuse their own lack of economic achievement by telling themselves that they were just unlucky, they were really too good to steal from someone else, and that they are one of the exploited and not one of the exploiters. Any excuse will do, just so long as you don’t have to accept personal responsibility for your own financial failures.
Are you one of those people who think that the “rich” just earn too much money? Great! Why don’t you share with me your ideas on just how this can be corrected? What measures do you want in place to restrict the amount of money these evil people can earn?
Now … for those of you who think I just make these numbers up .. for those who think it’s all propaganda .. here’s your link to the U.S. Treasury Department web page that contains all the relevant figures.
http://www.irs.ustreas.gov/pub/irs-soi/00in01rt.xls
----The text above is an excerpt from the Neal Boortz website, but the figures he quotes are IRS figures, NOT propaganda, NOT a poll, they are OFFICIAL figures! Call me a selfish bastard if you must, but I want to KEEP the money I earn, how about you?
Mike