Thursday, October 01, 2009

Thanks to the Dems, 10% Fewer People Will Pay Fed Income Tax

More evidence to our decline into socialism:

The good news: nearly 50% of American households (47%, to be precise) won’t pay
any federal income tax in 2009.
The bad news: the remaining 50% (or so) will
have to foot the bill for everyone.
You can thank (or blame) the new economic
recovery package for bumping the percentage of taxpayers who won’t be paying a
wee bit higher (about 10%).


In terms of all federal taxes, and not just income tax, the top 20% of income
earners will report more than half of total cash income but will pay a whopping
2/3 of all federal taxes (including income, estate, etc.).



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Always sniffing for the truth

Always sniffing for the truth

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