Sunday, August 17, 2008

TRUTH ALERT: Lower Taxes INCREASE TAX PAYMENTS

In a great editorial on July 21, 2008, The Wall Street Journal laid the foundation for lower taxes, and the continuation of the Bush tax cuts of 2003.
...The latest IRS data have arrived on who paid what share of income taxes in 2006, and it's going to be hard for the rich to pay any more than they already do. The data show that the 2003 Bush tax cuts caused what may be the biggest increase in tax payments by the rich in AMERICAN HISTORY (emphasis mine)
... The top 1% of taxpayers, those who earn (ed: a whole whopping!!!!) $388,806, paid 40% of all income taxes in 2006, the highest share in at least 40 years (my emphasis).
The loonies and socialists, which is the mainstream Democratic party, continue to lie to the American people with their claim of tax cuts for the rich! It is almost laughable how stupid the Democrats are..... I mean retarded..... oh wait, I can't use that word.... disingenuous they are. They like to play to the emotions of people, not for the good, but so they can win elections by buying votes with large government handouts.

It needs to be pointed out that, as mentioned in the WSJ's editorial, that Americans with an income below the median paid ONLY 2.9% of all income taxes!!!! In essence, the lowest income levels pay NO INCOME TAX!!!!!

Conservatives need to continue to press these numbers to the American people. We should be trying to expand the number of rich/wealthy in this country, not, as the Democrats want, try to expand the welfare/government dependant base for the purpose of vote buying.

Lastly, as again laid out in the WSJ's editorial, that if Obama were to raise taxes to the Carter year levels, the rich would pay roughly half of the 40% of all income taxes, 19%!!!!

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