Obama “Those Billionaires and Millionaires” But
Who are They?
We here the class warfare rhetoric all the time from the Left and from our president and how
American’s rich will have to pay “their fair share”… but who are they and what is fair?
First and foremost, the top earners already pay the majority of government revenues. Simplemath, the low income pay little or no tax, the middle class have tax cuts now, and the upper 5%income earners already pay over 53.8% of all income tax revenues. Who are the 5%? The backbone of job creators, business, corporations, hard left financiers like Soros, celebrities, andcareer politicians.Make the 5% (or as some calculate 1%) pay 100% of all income tax right? This still would not pay for the trillions Obama dished out in just 3 years. Is that fair? What about Obama uniting UStax
with the International Monetary Fund with Europe socialist entailment debt sothe entire world falls into a depression together because of international governments over spending? Is that FAIR?!
Why would Obama preach about jobs when tax payer’s funds fall intoEurope’s debt
then for AMERICAN JOBS? Is THAT FAIR? The majority of the funding for
“Obamacare” will come from the MIDDLE CLASS,
Is THAT FAIR?
“Fair” is a
word used in politics when it is used by the one who wants your money for political
agendas. It is a code word meaning “
-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent)of income.t of all individual income taxes in 2002. Thisgroup of taxpayers has paid more than 30 percent of individual income taxes since 1995.
Moreover, since 1990 this group’s tax share has grown faster than their income share.
50 percent of taxpayers by income pay virtually all individualincome taxes. In all years since 1990, taxpayers in this group have paid over 94 percent of allindividual income taxes. In 2000, 2001, and 2002, this group paid over 96 percent of the total. percent.