Myth: Bush cuts benefitted only the rich.

Take the medium average tax bill of middle class wage earners (making somewhere under 200,000 dollars) in 1979 and again in 2006 and what do we have?

1979: the middle class taxpayer, on average, paid out 7.5 % of her income to the Feds.

Compare this to

2006: the middle class taxpayer, on average, paid out 2.7% of his income to the Feds.

All numbers via FoxBusinessNews (10:35 am pst - 9/20/'10)

Half of this nation's wage earners now pay NO personal income tax. Midknight Review thinks this is ridiculous. If we "all need to share in the pain" (an Obama declaration), why does that not apply to those who pay nothing ?? If we are going to stick the upper class with a 7% increase on their incomes (the Obama plan), why not a 1% tax, across the board, for all other taxpayers? Literally, billions would be raised almost immediately. Instead, the King of Class Warfare, Barack Hussein Obama, is calling for heavily increased taxation on the so-called "rich' (he lumps those making $200,000 into the same income class as those making 1 billion a year) and more economic welfare to those who either pay no income taxes or simply do not believe in work related income.

Even in this day and time, the unemployment numbers for the college graduate (four year degrees or more) is around 5% compared to the national average of 9.6%. What is scary about this fact is this: many of these college grads voted for the system that will, someday, enslave them as [graduate] wage earners.

Those planning their financial futures need to rethink their allegiance to a Marxist social system that will come to view them as the enemy of the "middle class."