If
ever three articles capture the essence of what we, as a country, are
currently experiencing, these three do it. First, there is "Devious Taxation" by Dr. Walter E. Williams, an economist and one of my personal heroes. Second, there is "Students Sign Petition To 'Redistribute' GPAs, But Some Are Too 'Greedy' To Lower Their Grades For Others" by Ron Meyer. Third, there is "Obama and Redistribution of Your Wealth" by Joseph Harris.
In "Devious Taxation," Williams says that instead of focusing on how the federal government has grown to 24% of Gross Domestic Product (GDP), our attention has been diverted to the tax fairness demagoguery.
Williams cites 2009 Internal Revenue Service (IRS) data and notes that 47% of Americans pay no federal income tax at all, while the top 1% of income-earners paid almost 37% of federal income taxes, the top 10% paid about 70%, and the top 50% paid nearly 98%.
He then asks, "What standard of fairness dictates that ... 47% of Americans pay nothing?" If almost half of Americans pay no income tax, why should they be concerned about increasing taxes and about tax rate fairness?
Read more: http://www.americanthinker.com/2012/04/fairness_taxes_gpa_and_redistribution.html#ixzz1tKe0u2mb
In "Devious Taxation," Williams says that instead of focusing on how the federal government has grown to 24% of Gross Domestic Product (GDP), our attention has been diverted to the tax fairness demagoguery.
Williams cites 2009 Internal Revenue Service (IRS) data and notes that 47% of Americans pay no federal income tax at all, while the top 1% of income-earners paid almost 37% of federal income taxes, the top 10% paid about 70%, and the top 50% paid nearly 98%.
He then asks, "What standard of fairness dictates that ... 47% of Americans pay nothing?" If almost half of Americans pay no income tax, why should they be concerned about increasing taxes and about tax rate fairness?
Read more: http://www.americanthinker.com/2012/04/fairness_taxes_gpa_and_redistribution.html#ixzz1tKe0u2mb
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