Top 1% of taxpayers whose income threshold is $389,000 (AGI) Adjusted Gross Income, (high but not a fortune), pay 40% of all the taxes. The bottom 95% pay about the same, except that the bottom 40% pay zip — yup nothing, in fact they get subsidies. So the system we have now is simply rape of the top 1% while building a 40% entitlement class who have no investment whatsoever in the country, they just reap, but don't sow in the government. This simply doesn't work. It is dishonest and unfair. (These are 2006 figures and they get worse each year) SEE HERE
Friday, July 31, 2009
The Reality of Taxes: Rape of the Productive
Top 1% of taxpayers whose income threshold is $389,000 (AGI) Adjusted Gross Income, (high but not a fortune), pay 40% of all the taxes. The bottom 95% pay about the same, except that the bottom 40% pay zip — yup nothing, in fact they get subsidies. So the system we have now is simply rape of the top 1% while building a 40% entitlement class who have no investment whatsoever in the country, they just reap, but don't sow in the government. This simply doesn't work. It is dishonest and unfair. (These are 2006 figures and they get worse each year) SEE HERE
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