ALMOST HALF OF ALL AMERICANS PAY NO FEDERAL INCOME TAX
Posted by Andrew Roman on April 8, 2010
You can say it over and over again, but it is irrelevant to liberals. Regardless of the numbers – no matter how lopsided the percentages are – it will never be enough for America’s leftocracy.
They use beguiling words and phrases like “fair share” and “impartiality” but don’t really mean it.
They go on and on about equality – liberalism’s most important value – but in practice, spit upon the concept … or should I say spit upon America’s most successful citizens.
The fact is: the top ten percent of wage earners in the United States pay nearly three-quarters of all income tax.
Unfortunately, that isn’t enough for Obamacrats.
In truth, there is no such thing as “enough” when it comes to leftist confiscation (and redistribution) of the private property of America’s money makers.
The President, and his free-enterprise-pulverizing band of economy-crippling sadists, are hell-bent on creating some sort of sweeping “equality” by knocking down America’s top performers a few pegs (i.e., punishing them), rather than encouraging people to elevate themselves.
Meanwhile, on the other end of the scale, the bottom chunk of wage-earning Americans actually make a profit from the federal government.
That’s right … make a profit.
Stephen Ohlemacher from the Associated Press writes:
The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.
“We have 50 percent of people who are getting something for nothing,” said Curtis Dubay, senior tax policy analyst at the Heritage Foundation.
This year, nearly half of all Americans will pay no federal income tax.
Not a penny.
About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization.
In recent years, credits for low- and middle-income families have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 2009, as long as there are two children younger than 17, according to a separate analysis by the consulting firm Deloitte Tax.
The result is a tax system that exempts almost half the country from paying for programs that benefit everyone, including national defense, public safety, infrastructure and education.
In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center.
There’s fair … and then there’s fair.
The reality that more money in the pockets of Americans is actually a good thing – that people do not respond to having more of their own earnings to spend by stashing it away under the high school yearbook in the upstairs closet – absolutely eludes the left.
Facts can be awfully tenacious.
More revenue finds its way into Uncle Sam’s tax collection box when people have more of their own money available to purchase goods and services.
Even my nine year old nephew gets that.
Of course, he hasn’t been to university yet.