The Occasional Observer

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%).

And

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.).

http://www.taxgirl.com/tax-or-no-tax/

As much as I feel that Congress is terrible, I need to give them credit for getting something right. The Senate passed a bill to extend the moratorium on taxes on the Internet. The House had previously passed a similar bill. Hopefully it'll get to W's desk soon.