Posted on 03/04/2011 8:56:22 AM PST by 92nina
The federal budget whether its the continuing resolution to finish the current fiscal year or President Obamas FY 12 budget and the forthcoming counterproposal from House Republicans remains the issue of the day in Washington and despite extensive debate, misinformation remains abound in the media.
Yesterday on Morning Joe, co-host Mika Brzezinski and former Pennsylvania Gov. Ed Rendell volleyed calls for higher taxes. Brzezinski talked about the need to spread the pain, in reference to raising taxes on the rich (read: the majority of small business profits and workers). According to IRS data, heres where the pain is currently spread when it comes to who pays taxes:
The top 1% of earners - the folks that Brzezinski doesnt think are paying their fare share - currently contribute over 39% of all federal income taxes collections. The top 5% pay approximately 60% of all income taxes and the top 10% pay over 70% of all income taxes. The bottom half of earners? The bottom 50% ponies up less than 4% of total income tax collections. So much for spreading the pain...
Read more: http://www.atr.org/miseducation-morning-joe-viewers-a5909#ixzz1FeKS45gN
(Excerpt) Read more at atr.org ...
Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at at Digg and at Reddit and in Delicious and Stumbleupon
ping
It’s absolutely unreal how idiotic the left is. They should google all of the European tennis players and find out where they all live. Answer: Switzerland and Monaco because the tax rates are the lowest. Millionaires can live anywhere with a wifi hot spot and continue to make money in the 21st century.
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