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Rich Pay More Than Their ‘Fair Share’

How to get something for nothing—Obama style.  The data from the IRS will be out soon, but indications are that the rich are paying more and more of ‘their fair share.’  Past data (consistently ignored by Democrats) show the following:

The data indicated that the top 1 per cent of tax filers reported 13 per cent of total adjusted gross income (i.e., before most deductions), but paid 24.6 per cent of all federal income taxes. The top 5 per cent of taxpayers reported 26.8 per cent of the income, but paid 43.4 per cent of the taxes. The bottom 50 per cent of tax filers, by contrast, reported 15.1 per cent of the income, but paid only 5.5 per cent of the taxes, leaving 94.5 per cent of the tax bill to be paid by those with above-average incomes.  (hat tip: Powerline)

I wrote about the very topic of who pays taxes two years ago.  Now it turns out the rich are paying even more than they did when President Bush first proposed his tax cuts.

New data from the IRS will be out in a few weeks on who pays how much in taxes. My contacts at the Treasury Department tell me that for the first time in decades, and perhaps ever, the richest 1% of tax filers will have paid more than 40% of the income tax burden. The top 50% will account for 97% of all federal income taxes, while the bottom 50% will have paid just 3%.

By using the ridiculous claim that the rich are not paying their fair share, Barack Obama is pandering to the lowest of human emotions—jealousy.  He knows full well who is paying the taxes in this country.  So if Barack Obama knows the truth, why is he making such idiotic statements?  The truth is far more sinister—Obama is a politician pandering for power and votes.  So much for change.

The Tax Foundation has crunched the numbers and have come up with some interesting statistics on who does pay.

“Under the Obama plan for 2009,” explains Hodge, “more than $131 billion would be redistributed from the top 1 percent of taxpayers to all other taxpayers.”

As a result, the top 1 percent of households would pay more federal taxes of all kinds than the bottom 80 percent of households. That lopsided distribution under Obama does include payroll taxes and other federal taxes, but it excludes the new payroll tax hike that Obama plans to levy on people making more than $250,000 because details about that plan are currently unclear.

“In other words,” says Hodge, “it is at this point a cautious estimate to say that in 2009, under Obama’s plan, 1.13 million Americans would pay more in all federal taxes than 128 million of their fellow citizens combined.”

Now that is scary.  Millions of people will head to the polls in November in order to vote themselves a portion of the confiscation.  Eager to punish the wealthy for their success and to make themselves feel good about their own failure, these voters willingly wait in line for their share of the hand-out just as Karl Marx predicted.

Obama, the consummate politician, is more than willing to fan the flames of jealousy in order to win.  While his campaign has been about change, in the end, Obama is nothing more than a pandering politician willing to do anything including lying in order to win. 

So much for Change we can believe in.

Democrats Question John McCain’s Time as POW

Some things defy explanation.

[Bill] Clinton, who has vowed to campaign for Barack Obama, then suggested that POWs could lose their cool at any moment.

“It’s just like if you know anybody who’s ever been a POW for any length of time, you will see you go along for months or maybe even years, and then something will happen and it will trigger all those bad dreams and they will come back, and it may not last 30 seconds,” he said.

This is an attempt by Barack Obama surrogates to paint John McCain’s time as a POW as disqualifying him for office. Bill Clinton was mostly likely trying to question McCain’s service without questioning his service, but fouled it up. Reagan once told Walter Mondale that he would not bring up his opponent’s youth thus ending any speculation about Reagan’s age. It is an old political trick to say you are not going to bring up an issue. This time Clinton screwed it up.

During the 2004 campaign conservatives, particularly the Swift Boat Veterans for Truth, questioned John Kerry’s war record and rightfully so. George Bush’s time in the military was fair game then as is John McCain’s is now. But this latest bunch of questioning of McCain’s time as a POW goes way over the top.

Before this latest episode Wesley Clark suggested that “getting shot down in a fighter plane doesn’t make one fit to serve as president.” While Obama goes out and says no one’s military record should be devalued, that is exactly what they are doing. With all of the Obama surrogates out there questioning John McCain’s service to our country, Barack Obama can say what ever he wants.

The bottom line is, the Democrats are being disingenuous. They can not attack his service to his country, so they attack his time as a POW? John Kerry’s service pales in comparison to John McCain’s. So instead they attack what happened to him while he was in the Navy.

If this is a plan by Obama and the Democrats, it is a very poor one and is likely to backfire on them. McCain’s time in the military has been well documented and investigated. What the former Navy pilot endured a POW is beyond what any of these white-flag-waving-Democrats can even imagine. The Arizona Senator has hundreds of votes on the Senate floor; why not go after those votes? The answer is puzzling, but it may hinge on their dislike of anything military. It is ironic that a cigar waving draft dodger can even bring himself to question McCain’s service.