by Onan Coca
You know that broken-record mantra that Democrats have about the rich paying “their fair share?” That load of BS should get tossed out of the window with the most recent study undertaken by the Congressional Budget Office (CBO). The old liberal story goes that it’s just unfair, how much more money the rich make than the poor. They talk about the wealth gap and how the rich just keep getting richer, as if these things are inherently bad.
Guess what? They’re not.
So liberals site all of these “problems” as reasons that the rich should pay more taxes. It’s patriotic, as the Vice President says.
Well, the CBO would beg to differ.
The top 40 percent of households by before-tax income actually paid 106.2 percent of the nation’s net income taxes in 2010.
Yeah, you read that right. The top 40% of households in America paid more than 100% of the nation’s net income taxes in 2010. How ridiculous is that? What can the liberals possibly have to complain about with our progressive tax code, when less than half of the people in the nation pay MORE than 100% of the taxes?
Oh, but wait. It gets better.
At the same time, households in the bottom 40 percent took in an average of $18,950 in what the CBO called “government transfers” in 2010.
Doesn’t that just knock your socks off? The bottom 40% of households in America actually MADE almost $19,000 from the top 40%. The CBO calls these “government transfers,” the President calls it spreading the wealth around. Who can forget that moment when our good friend “Joe the Plumber” helped the President reveal his true colors?
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