The Numbers Are In, Again - The Rich Pay More Than Their "Fair Share"
Latest IRS Data Shows that Wealthier Americans' Portion of Taxes Actually Exceeds Their Portion of Income
In their never-ending campaign to increase taxes, those on the left endlessly allege that wealthier Americans don't pay their "fair share" in taxes. There's only one problem: the exact opposite is true. When one compares the portion of taxes paid by Americans of various income brackets to their corresponding portion of the nation's income earned, wealthier Americans actually pay more than their fair share.
And once again, the latest Internal Revenue Service's (IRS) numbers prove that. This month, the IRS's income statistics division released its latest data comparing the amount of income earned by various segments of the income ladder against the amount of taxes paid by those same segments. And what do they reveal?
According to the statistics, the richest 1% of American taxpayers (those earning above $389,000) earned 22% of the nation's reported income. But their share of the nation's income taxes was 40%. In other words, the wealthiest 1% of Americans' income tax payments are almost twice as much as their "fair share."
The same is true for other income levels as well. According to the IRS data, the wealthiest 5% of Americans earned 37% of the nation's income, but paid some 60% of the nation's income taxes. The top 25% of Americans earned 68% of the nation's income, but paid 86% of the nation's taxes.
And astonishingly, the top 50% of American earners brought in 88% of income dollars, but paid 97% of all income taxes in this country. Thus, half of the American population is paying almost the entirety of income taxes. So what was that about paying their "fair share?"
And precisely how does Senator Barack Obama plan to cut taxes for lower-income Americans, when the lower half of income earners already pay only 3% of the nation's income taxes?
Remarks about anti-Americanism in Europe
The following was forwarded to me by a European reader -- pointing out that American political correctness has undermined European efforts to rein in third-world thuggery
Undoubtedly a strong anti-Americanism is prevalent in Europe. It is also true that this sentiment is mainly a kingdom of the left; at least, leftists are those who lead the street dance. However the roots of this sentiment are deeper than the apparent schizophrenia of these persons that bite the hand that has protected them from the communist takeover. In order to prove this assertion lets think of three words and an half: Suez, Algeria, Africa (and Falklands).
SUEZ. In 1956, Nasser the autocratic ruler of Egypt took over and closed the Suez Channel closing the naval route between Europe and Asia. Great Britain, France and Israel took a successful military action to reopen the Channel but the US had a preference for Arabs and other Third Word so called nationalists over Europeans. As a result the initial victory became a humiliating retreat.
ALGERIA. It was a French colony from 1830 until 1962. Anyway the French conquered Algeria in order to stop the continuous pirate actions of the Arabs in the Mediterranean and after the dey (local king) of Alger slapped the face of the French envoy. An independence war begun in 1954 and ended with the defeat of France; all the time the US pressed France to surrender.
AFRICA. All we know what a tragedy has became the retreat of the colonial powers. The last one to surrender was Portugal a small and the most western country of Europe. It sustained a war for 13 years in Angola, Mozambique and Guinea against the UN and all the usual people. How did this war begin in 1961? With a really nasty attack against white people - for instance opening the belly of pregnant women - in order to impose terror and force people to flight. And who paid for this initial terrorist actions? The US then under President Kennedy. What happened in Angola is more or less what happened in all the Black Africa: the expulsion of colonial powers followed by the ascension of very nasty rulers. But for the US the end of colonial rule in Africa was a strategic aim, no matter the consequences.
Falklands. Only by small chance the same "anti-colonialism" did not prevail in the Falklands; the ambassador Jane Kirkpatrick took the side of Argentina, only the President was a certain Reagan.
For decades the anti-colonialism of the US reduced European powers to world irrelevance and Africa is suffering its nasty rulers. Some of us can be rational and understand that our interests are with the US and that without the military power of the US civilization risks to be lost, like it has been the case between 1939 and 1989. But it should be understood that other people are not so rational.
It is now very common for American conservatives to condemn Europe for its failure to stand up for Western civilization. But the Europeans were doing that until quite recently -- when America stopped them. No wonder the Europeans have given up. So why did America do that? Because of misguided ideology. America's own racist past caused them to see as racism and "colonialism" what were perfectly reasonable actions by European countries -- JR
Charges against Marine sniper dismissed: "The Marine Corps said Thursday that charges were dismissed against a Camp Pendleton Marine sniper accused in the shooting deaths of two Syrians in Iraq. The Marine Corps said the charges against Sgt. John Winnick II were dismissed without prejudice by the commanding general of the 1st Marine Expeditionary Force, meaning charges could be brought again at a later time."
Generous old Congress OKs $48 billion for global AIDS fight: "The House voted Thursday to triple money to fight AIDS, malaria and tuberculosis around the world, giving new life and new punch to a program credited with saving or prolonging millions of lives in Africa alone. The 303-115 vote sends the global AIDS bill to President Bush for his signature. Bush, who first floated the idea of a campaign against the scourge of AIDS in his 2003 State of the Union speech, supports the five-year, $48 billion plan."
UK: Painter fined for smoking in own van: "A painter and decorator from Ceredigion says he is 'dumbfounded' after being slapped with a $60 fine for smoking a cigarette in his own van. Gordon Williams says he had popped to the shops earlier this month, when he was pulled over by council officials. 'I was told that because my van is my place of work I had broken the smoking laws,' he said. ... The grandfather decried the on-the-spot penalty as the 'Big Brother state going too far.' He added: 'I respect anyone who chooses not to smoke, but I would also ask for the same respect to have the freedom to smoke in my own private vehicle.'"
Bungling British bureaucrats again: "Confidential tapes and internal documents have exposed bullying and bungling in Gordon Brown's flagship tax-credit scheme that will cost the taxpayer up to $5.6 billion. More than 1.5m people have been told that they were overpaid tax credits and should now give back the money. Tax officials told them it was their own fault and informed some victims they had no right of appeal. However, many victims have turned the tables on the tax-man, using evidence from their own case files, obtained under data protection laws, to prove officials' errors were to blame. This has revealed government offices in disarray, random errors inserted by computer into claimants' files, and officials misleading claimants about the right of appeal. HM Revenue & Customs (HMRC) is now preparing to write off $5.6 billion"
For more postings from me, see OBAMA WATCH, TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena
List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here
The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)