Ken Cauley.com

TAX STAT - Misrepresenting the Facts?

Posted on August 18th, 2008 by kencauley.
Categories: News.

Just in case you hear another politician stating they will increase taxes on the wealthy because they do not pay enough. That type of class warfare attempts to create conflict for political gain. They are attempting to be divisive by misrepresenting the facts; lookout for the political propaganda, “Under the current administration, the wealthiest received the biggest tax reductions.” They are dishonest in hopes citizens do not check the facts. Most important, the lack of success in Federal social programs is not for lack of money being spent over the many decades, rather it is the lack of accountability the programs receiving the taxpayers’ dollars have to the taxpayers. Washington DC is too far from the program providers to create accountability; it just redistributes the taxpayers’ money irresponsibly and without themselves being held accountable.

Let’s see how many voters toss out their Federal representatives this election when the approval rating of Congress is at 14%. Heck, the current President’s approval rating, 33%, is more than twice Congress’ and he would likely not be voted back into his office if he could run. I predict, the voters will continue on with, “My representative does a good job of bringing Federal tax dollars back to our state; it is the other representatives that are wasteful.” Would it not be better if our tax $$ did not to go to Washington DC in the first place for social programs???? Let’s cut Washington off the political gravy train and demand that our tax dollars–thank goodness it is smaller now compared to previous administrations tax rates—stay in our control. We need to reduce the ineffective government handouts in the first place. People are much more capable of solving their problems and taking care of themselves; it is an insult when they are told they are victims and need politicians to take care of them.

TAX STAT - The top 1% of US taxpayers is responsible for the payment of 40% of all federal income tax. Ten years ago (1998), the top 1% of taxpayers paid 35% of all federal income tax. Twenty years ago (1988), the top 1% of taxpayers paid 28% of all federal income tax (source: Tax Foundation, IRS).

0 comments.