Stop the Taxes

The latest data shows that a big portion of the federal income tax burden is shoul­dered by a small group of the very richest Americans.

The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab.

What would happen if the top 1 percent decided not to work for one year of take any income. Do you think we could bring Washington to its knees? If the crooks there don't have the money, they can't spend it. They would either cut wasteful spending or raise taxes on the rest of us. What would be better is if the top 10 percent ceased working for one year and the government lost 68 percent of the taxes paid. If you don't work and live off your savings for one year, "We The People" just might bring the politicians to their knees. They just might have to listen to the people they work for and not do as they damn well please to.

Below are some facts that the democrats don't want you to know.

Guess Who Really Pays the Taxes
By Stephen Moore From the November/December 2007 Issue
Filed under: Economic Policy, Public Square

http://www.american.com/

Didn’t the Bush tax cuts favor the rich?

The New York Times reported recently that the average family in America with an income of $10 million or more received a half-million-dollar tax cut, while the middle class got crumbs (less than $100 shaved off their tax bill). If we examine the taxes paid in a static world—that is, if we assume that there was no change in behavior and economic performance as a result of the tax code—then these numbers are meaningful. Most of the tax cuts went to the super wealthy.
But Americans did respond to the tax cuts. There was more investment, more hiring by businesses, and a stronger stock market. When we compare the taxes paid under the old system with those paid after the Bush tax cuts, the rich are now actually paying a higher proportion of income taxes. The latest IRS data show an increase of more than $100 billion in tax payments from the wealthy by 2005 alone. The number of tax filers who claimed taxable income of more than $1 million increased from approximately 180,000 in 2003 to over 300,000 in 2005. The total taxes paid by these millionaire households rose by about 80 percent in two years, from $132 billion to $236 billion.

But haven’t the tax cuts put more of the burden

on the backs of the middle class and the poor?

No. I examined the Treasury Department analysis of how much the rich would have paid without the Bush tax cuts and how much they actually did pay. The rich are now paying more than they would have paid, not less, after the Bush investment tax cuts. For example, the Treasury’s estimate was that the top 1 percent of earners would pay 31 percent of taxes if the Bush cuts did not go into effect; with the cuts, they actually paid 37 per­cent. Similarly, the share of the top 10 percent of earners was estimated at 63 percent without the cuts; they actually paid 68 percent.

***********************************************************************

It's time for us 'WE THE PEOPLE" to once again exert our strength and take back our country from the tax and spend crowd. I don't care if they are democrats or republicans who spend, they must be stopped. Telling us lies is no longer acceptable.

Remember the Boston Tea Party, this could the party number two.