A caller on Rush today said he and his wife had sold a home in New York City - did well, made a lot of money, moved to Pennsylvania and paid cash for another house. The man, Eric, hasn't worked in almost two years. He is on his second round of unemployment. His wife is a nurse and has had ongoing employment. The couple paid $900 in taxes last year. The government sent him a refund of $2,300.00. He said he was having a crisis of conscience.
In recent years, credits for low-and middle -income familites have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 200, as long as there are two children younger than 17...Then there were the stimulus checks sent to each household. Those checks came of the monies 53% of us paid to the federal government for our unfair share.
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. It is a system in which the top 10% of earners -- households making an average of $366,400 in 2006 -- paid about 73% of the income taxes collected by the federal government.
The wealthy do enjoy some hefty taxcuts, which in many instances keeps them hiring, keeps them paying benefits for employees, keeps them consuming, which benefits everyone. But Obama is slashing those cuts. It is my deepest desire that everyone of the 47% feel the deeper government hand in the pocket of some wealthy person. I hope your benefits are eliminated.
Karen at The Lonely Conservative has more, with a video from Neal Cavuto.
Linked by Reaganite Republican - thank you James!