Obama and his cronies are forever bleating that “the rich” don’t pay their “fair” share of taxes. Problem is … they never ever say what “fair” means.
Check out these statistics from 2010, which were part of a new study by the Congressional Budget Office (CBO)*:
- Households in the top 40% for before-tax income PAID 106.2% of the nation’s net income taxes.
- Households in the bottom 40% TOOK IN an average of $18,950 in government redistributed dollars.
Got that?
- The top 40% paid MORE than ALL of the income tax.
- The bottom 60% paid NONE of the income tax.
- The bottom 40% got PAID for being at the bottom.
I don’t call that fair. And I’m one of those shlubs in the bottom 40%!
*The CBO is a nonpartisan federal agency created in 1974 to provide economic data to lawmakers.
Source:
- http://en.wikipedia.org/wiki/Congressional_Budget_Office
- http://cnsnews.com/news/article/terence-p-jeffrey/cbotop-40-paid-1062-income-taxes-bottom-40-paid-91-got-average-18950
- http://www.cbo.gov/sites/default/files/cbofiles/attachments/44604-AverageTaxRates.pdf
H/t: Pistol Pete
polination.blog 
Those are eye-opening percentages. I know that I should be grateful that I have an income on which to be taxed, and in a sane world I would be. But there is not much sanity going on in D.C. and I always just feel like the taxes are being wasted and squandered to a very large extent. Good stewardship is really important to me.
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Thankfully, God will not judge you on what bad people did with the good they stole from you. However, I suspect He will judge the bad people not only for stealing, but also for the lack of the good He had intended you to do with the bounty they stole. (Does that make sense? Having trouble with the grammar!)
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Well, I am not the grammar police and I understood you, so that is all that maters between friends.
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“Let me sum it up for you: We got some people who work for a living, and we got some people who vote for a living.” ―Hank Williams Jr.
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