If you are a lib, you probably will not be able to make sense of the chart below. Suffice it to say that the top 10% of the nation's wage earners, earn 46% of total taxable revenues and pay 70% of all federal income taxes. They probably pay 80% of all state income taxes, 80% of all property taxes - most of which funds our schools. The medical community absorbs 30% of all billable hours in their medicare billings. So, drop dead on this "fair share" nonsense.
Can they afford to pay a little more? Of course. Obama's 1.5 trillion in new taxes amounts to 12% of the debt we will incur because of the wild spending of Establishment politicians in both major parties. I say, figure out how to cover the remaining 88% of the debt bill and THEN ask for the tax increases.
SUMMARY OF FEDERAL INDIVIDUAL INCOME TAX DATA, 2010
No comments:
Post a Comment