Lies and Taxes – Liberals lie and we pay!

Posted on 09 July 2008

This morning I read an excellent blog entry on Powerline that discussed “who pays the taxes”. If you have never read Powerline, it is an excellent blog and the one most famous for taking down Dan Rather and his bogus hit job on President Bush during the last presidential election cycle. The net of theis post today is this:

1991
Top 1%
Reported 13% of the income
Paid 24.6% of the taxes
Top 5%
Reported 26.8% of the income
Paid 43.4% of the taxes
Bottom 50%
Reported 15.1% of the income
Paid 5.5% of the taxes

2007(from the Wall Street Journal)
Top 1%
Paid > 40% of the taxes
Top 50%
Paid 97% of the taxes
Bottom 50%
Paid 3% of the taxes

The first point here is that the media constantly talks about Bush giving tax breaks to his rich buddies. It seems to me that we have a far greater problem with Corzine and Obama giving people’s hard earned money to individuals who are not holding up their end of society’s joint burden. Liberals lie-We pay!

And for your information, the median taxpayer last year earned $31,000. So, it you make this number or above (this represents most of the working class of New Jersey) you are paying 97% of the taxes.

So the next time you hear John Corzine or Barack Obama tell you that you are not paying your fair share, remember these numbers. It’s easy to blame the other guy and say he should pay. It is much harder to stand up and say “what’s fair is fair for all of us”.

Read the Powerline post here.

Category: Corzine, Democrats, Obama, lautenberg, menendez

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NJ Tax Revolution

Lies and Taxes – Liberals lie and we pay!

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