Russ Steele
In the comment section of the local blogs the left is aways complaining about the extension of the “Bush ax cuts for the rich.” I found these interesting facts on the Power LIne Blog. Who shoulders the largest tax burden? Read on!
President Obama in his State of the Union address:
“If we truly care about our deficit, we simply cannot afford a permanent extension of the tax cuts for the wealthiest 2 percent of Americans."
Those greedy "wealthiest 2 percent" must be fleecing the rest of us, right? Well, not exactly. Heck, forget the wealthiest two percent--the top one percent are pretty much pulling the wagon, as the Blogprof shows with this chart. The top one percent pay more income taxes than the bottom 95 percent. Click to enlarge:
We are rapidly reaching the point where a large majority of Americans are free riders. Whether democracy can survive under that condition is a wide-open question.
Exit Question: Will these facts quiet our local left, I have serious doubts?
