47% Pay No Federal Taxes!
From CNN....47% of American pay ZERO federal taxes.
A number of people have emailed me asking if this makes me mad.
Answer: No, not really. But I think this benefit of zero taxes ought to be extended to the other 53%. THEN you're talking. For now, here is the breakdown....
Percent AGI / Percent of total fed tax revenues
Top 1% 40.42
Top 5% 60.63
Top 10% 71.22
Top 25% 86.59
So, 15 million Americans (including Angus and me) are paying for 61% of all the foreign misadventures and cluster firetrucks of our government. You are welcome, all you deadbeats!
Part of the problem is that all the government programs, ALL of them, are being paid for by a small number of productive people. But the bigger problem is many of the "government programs" involve using my money to go kill civilians and poor people in other countries.
Stop doing that, Mr. Obama. Just stop it. (Yes, we complained about Mr. Bush, also...so shut up)