CLASS WARFARE, BALONEY!
Over the past month the word class warfare has entered into the media conveyor belt without any facts to corrorbate this current, but old, fantasy line of liberal politicians, in this case President Obama. There used to a radio and TV cop, Joe Friday, who would asked during his investigations for “just the facts”. If only Joe was a media boss because he would ask those who use these lines to prove what they say. So here are the facts right from the other branches of the great American bureaucracy, called the Federal Government. From the non-partisan Congressional Budget office: 10% of households with the highest incomes pay more than half of all federal taxes. These folks pay more than 70% (already) of federal income taxes. From the Tax Policy Center in Washington, households making more than a million dollars will pay on average 29.1% Federal Income Tax. The IRS has this same group at 24.5%. Now, people making between $50,000. and $75,000. will pay on average, 15% Federal Income Tax and those between $40,000 and $50,000. will pay on average, 12.5%. Also from various sources, close to 47% of employees end up paying NO Federal Income Taxes. The bottom line is that the issue is bogus, but the more important issue is that the current tax code is awful; 1) it should be simpler 2) there should only be three tax levels, at much lower levels 3) all employees should pay something to the Federal tresury. It could be done so simply via the internet in this day and age. Lastly, even with all the above inequities and faults, there is right now, enough income coming in to feed the Federal pig pen. It’s bloated; ineffective; and there should be an annual, mandated audit of ALL departments plus the Congress, the Judiciary and the Executive. Also, I believe, if there was a one year moratorium on spending by the Federal Government, there would be a surplus by the year 2013.
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