Posted on 04/13/2009 1:26:16 PM PDT by 2ndDivisionVet
Below are some alarming tax numbers from Ari Fleischer, a former press secretary in the Bush administration, as printed in the Wall Street Journal.
Fleischer notes that the highest-earning 10% of the country already pays almost 73% of U.S. income taxes. The number of Americans who pay no tax is over 40% and heading for 50%. When that happens, there will be a permanent, built-in majority opposed to any changes that require more taxes, other than further increases on the top earners. The same permanent majority can be expected to favour more and more public spending, since they won't have to pay for any of it. It's not hard to guess what that will do to the U.S. budget, not to mention the deficit. You have to wonder whether, by the end of the Obama era, Americans will be looking north with envious eyes towards Canada, as a low-tax haven.
Here's Fleischer:
As a result of the 2001 tax cuts enacted by a bipartisan Congress and signed by President George W. Bush, the share of taxes paid by the top 10% increased to 72.8% in 2005 from 67.8% in 2001, according to the latest data from the Congressional Budget Office (CBO).
Contrary to the myth that Mr. Bush cut taxes only for the wealthy, the 2001 tax cut reduced taxes for every income-tax payer in the country. He reduced the bottom tax rate to 10% from 15% and increased the refundable child tax credit to $1,000 from $500 per child, both cuts that President Barack Obama says we should keep. In so doing, millions of lower income taxpayers were removed from the tax rolls, shifting the remaining burden to those at the top, even after their taxes were cut.
(Excerpt) Read more at network.nationalpost.com ...
ping!
Maybe we could cut a good deal with Cuba!
LOL. Get that guest room ready, fanfan :)
They don't pay their bills.
It's pathetic.
It’s ready, Sweetie!
Move on up!
To the East side!
:-)
Hookers and hockey players, i tell ya!
< duck and run mode >
National suicide via politician...
ping
I'm going to tell you the joke right.
_______________________________
Straight out of high school, a kid got a job at a grocery store, in the produce section.
One day, a man walked up to him, and said I want to buy a half a head of Cabbage.
The young man went into the back office where the manager was working.
“Sir?” asked the young man, “I have an idiot out here who wants to buy a half a head of cabbage.”
The store manager looks over the young man's shoulder, and he turns to find the customer has followed him into the office.
“And Sir, this gentleman would like to buy the other half!”
Later, the store owner praised the young man, saying, “I'd like to recommend you to be the Manager in the new store we are opening in Sudbury.”
“Sudbury????”
“The only thing in Sudbury is hookers and hockey players!”
“My wife is from Sudbury!” the manager replied.
“Really? What team did she play on?”
He got the job.
I wonder if that movie will ever come out...?
The way things look today, IMHO by the end of Obama’s first term, Canada will be more free than the US on taxes, freedom of speech, and even on gun ownership.
>Nobody cuts a good deal with Cuba.
>
>They don’t pay their bills.
...and we do? (Deficit spending...)
Lower crime too - Toronto’s a city of 3+ million and there’s maybe one homicide a week - usually domestic violence.
Different subject. I felt Ari Fleischer was an excellent spokesman for Pres. Bush.
From the day Fleischer left, the communications went down hill, winding up at the end with most agreeing it was a serious shortcoming of his administration.
Okay, I promise not to make any jokes about Mounties (Dead easy, because one of my cousins is a Sergeant in BC), hockey players or people referring to others as “hoser” and ending every other sentence with “eh”.
...come to think about it, most people I know here in Montana are prone to that stuff already, eh.
See y’all in Alberta.
Maybe we could stay in her basement?
LOL!!!
It would be a great honor :)
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