The Right State

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.

Tags: Democrats, National Elections //