Who Pays Taxes?

By -

October 4, 2005

The bottom 50% of income earners pay a grand total of 3.5% of total taxes. IRS Stats

This is the latest data for calendar year 2003 just released in October 2005 by the Internal Revenue Service. The share of total income taxes paid by the top 1% of wage earners rose to 34.27% from 33.71% in 2002.

One problem with this sort of inequality in the tax system is that the majority of citizens no longer have much economic incentive to make tax rates fair or reasonable. The majority of citizens in the United States have now managed to construct a tax system that places little or no obligation on their own shoulders. While paying little, the majority seize from the minority who earn more than average and redistribute this booty as they wish, since they are the majority, and majority rules in a Democracy. The only motivation that restrains the majority is the fear of destroying the goose that laid the golden egg. There is little liklihood of a rebellion by the rich, such as that envisioned by Russian-American novelist and intellectual Ayn Rand in her book Atlas Shrugged.


rushlimbaugh.com

Comments

Post a Comment

Popular posts from this blog

How About Kids Accounts?

By -
posted by Bob Clasen Mr. President, Let's Share the Wealth By DAVID BROOKS Published: February 8, 2005 President Bush said he was open to other people's ideas on how to fix Social Security, so I hope he'll listen to mine. My idea starts with a blunt political observation. Personal accounts - as they are currently envisioned - are going to be hard to pass. Every important Democrat opposes them. Jim McCrery, the Republican who is chairman of the House Social Security subcommittee, says the president's plan will have to fundamentally change if it is to have a chance. So my idea is this: If the president's current version of personal accounts stalls, he should consider another version - one that is more likely to win broad support, and that achieves all the goals of an "ownership society." The personal accounts I'm thinking of would be inspired by a proposal called KidSave, which was floating around in the late 1990's. KidSave wa...
Read more

Democrat Party: "Dependency-Bureaucracy Complex"

By -
by George Will ____________________________ If Sept. 11 had never happened -- if debate about domestic policy had not been drowned out by the roar of war -- the potential domestic ramifications of this election would give it unusual nation-shaping power. To understand why is to understand some of the Democratic rage about the specter of a second term for George W. Bush. He has a multifaceted agenda for weakening crucial components of the Democratic Party, factions that depend on cosseting by the federal government. Consider trial lawyers and organized labor. John Kerry's selection of John Edwards as running mate was a blunder, and not just because Kerry probably will lose Edwards's North Carolina. The Edwards selection ratifies a provocative fact: trial lawyers have become the Democrats' most important faction. This has energized small-business owners, the self-employed, doctors and others who worry that they live one lawsuit away from ruin. Such people, now arous...
Read more

Victory in Fallujah

By -
_____________________ by Ralph Peters New York Post November 11, 2004 -- IN the Second Battle of Fallujah, military operations are ahead of schedule. Our casualties have been blessedly light. The terrorists who haven't fled are being killed by the hundreds. Our troops will soon achieve their goal of eliminating Iraq's key safe haven for terrorists. Our Marines and soldiers have carried the ball inside the 10-yard line. The media's response? Move the goalposts. The legions of pundits ("Will talk for food") now suggest that a win in Fallujah will be meaningless because we failed to kill or capture the terrorist leadership, because some of the thugs ran away and because Fallujah won't resemble Darien, Conn., by next Sunday. On Tuesday, as our troops handily pierced the defenses terrorists had spent months erecting, The New York Times carried two front-page stories implying that our forces were facing possible defeat. The Times' military analysis...
Read more