posted on Apr, 19 2011 @ 02:17 PM
I wonder which Soros “grassroots” organization was set up to push this garbage.
Anyhoo … if certain people are so God damn hot to trot to pay more in taxes, they shouldn’t wait for congress and our “Dear Leader” to
legislate them, they should just cut a check to the department of the Treasury and be done with it.
The truth is the bottom 30% of income earners have no net tax liability. Sure, they pay FICA and state taxes but they pay no income taxes, qualify for
the EITC, qualify for Medicaid, food stamps, section 8 housing, utility subsidies etcetera so marginal tax rates mean nothing to them.
The top 2% derive a majority of their income from capital gains, which are taxed at a lower rate than earned income, and only pay FICA up to $108K so
marginal tax rates don’t hit them as hard as people who make most of their take home from earned income.
People like me are stuck in the middle. While we make a good living, its nearly all earned income and its not enough to hire a $500’hr tax attorney
to find all the loopholes in the tax code. So while we pay the lion’s share of federal receipts we take the least from it. Too rich to qualify for
all the giveaways and too poor to game the system.
I don’t know about you, but I am sick of subsidizing both the super rich and the poor.
I am so sick to death of liberals telling me that my taxes pay for roads and police anf fire and schools. While all these things are true, the obscure
the fact that rhe federal government spends 60% of its outlays on Social security, Medicare and Medicaid. Another 10% is spent on interest and 19% on
defense. Very little of that money is spent on tangibles like roads.
That’s what we are being bled for .. more welfare.
We am John Galt.