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Originally posted by usaforever
They give tax-breaks to families already well off, and to big businesses. This can affect education and incomes of many families, even "well off" ones:
WASHINGTON, D.C. – The share of income taxes paid by the top half of taxpayers reached its highest level in decades, according to new IRS data released today. According to the new data, the top half of taxpayers ranked by income paid 96.70 percent of the individual income taxes paid in 2004, compared to 86.05 percent in 1949, 89.35 percent in 1959, and 90.27 percent in 1969. The top one percent of tax filers paid 36.89 percent of 2004 income taxes, while the top ten percent accounted for over two-thirds (68.19 percent) of these taxes. At least part of the increase in taxes paid by the higher percentiles may be related to higher capital gains realizations following the reduction of the capital gains tax rate in 2003.
The problem becomes a problem when only the 900 richest families in the state, and to families whom have already gone to colleges or universities. The problem gets wrost, when tution to colleges and universities go up so high that most people, even through not academcy expentional, but wish to go can't afford it. Then they wonder why the next generation of students won't be able to increase the wealth in this country or why they aren't smart enough to allow for a middle class in the middle class of the US.
Don't any of you find it strange that these schools are mainly controled by liberals. I guess even libs cave in to the power of money.
Thank you for your toleration of my opinion.
Originally posted by KrazyJethro
The Federal Reserve is responcible for the debt, and because it was created by traitors in our government, the government is ultimately responcible for the debt.
It has nothing to do with spending, but more to do with the money supply that is LOANED to us at interest.
Originally posted by Astronomer70
Every man, woman & child in the U.S. is responsible for the National Debt.
Did you think the tooth fairy would pay it?