Wednesday, March 31, 2010

Class Warfare Works

Unfortunately.

The mantra for tax policy has been tax the rich; make sure they pay their fair share, This class warfare has been going on too long. Why do we disparage those who make more than us?

Covetousness, is what class warfare appears to. This is one of our basest emotions. "Thou shall not covet..." Shame on those that play to our base selves.

But it works. Just look at a recent Rasmussen poll. 65% Say Middle Class Pays Bigger Share of Income In Taxes Than Wealthy. view results

What a misconception. The reality is the 2007 numbers, the latest available, show that the top 1 percent’s income and tax shares reached all-time highs for the third year in a row paying 40.42% of taxes. Further, The top-earning 25 percent of taxpayers (AGI over $66,532) paid more than four out of every five dollars collected by the federal income tax (86.6 percent). Whereas, the bottom 50% of taxpayers pay 2.89% of all taxes. view data


We need to be told the truth. Stop the demagoguery. Quit promoting covetousness!!

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