Obama’s New Tax Welfare

National Review ^ | 10-21-08 | Peter Ferrara

[george76]

The top 1% pay 40% of all income taxes.
The top 5% pay 60% of all income taxes.
The top 10% pay 71% of all income taxes.
The top 25% pay 86% of all income taxes.
The top 50% pay 97% of all income taxes.
The bottom 50% only pay 3% of income taxes.

Payroll taxes are matched by the employer, but the employee is the only one to receive a possible eventual payout ( social security, medicare...).

BHO’s future rebates and wealth sharing would come from the above and not the payroll taxes.

[grimalkin]

This man and his ilk will absolutely destroy the economy.