Sunday, May 06, 2012

Tax Lie # 1: U.S. Taxes to High…

… if you ask those people in the top of the income bracket ( 1% ) or their Republican butt kissers.  But is it true? No. In fact the United States was ranked the 26th out of 28 OECD  countries in total federal, state, and local taxes as a percent of GDP. The countries with the lower rates where Mexico and Chile.

    As far as those taxpayers in the 1% are concerned, the tax burden has dropped dramatically over the years, which is no surprise to you, is it?

   When a corporation can make billions of dollars, or an individual can make hundreds of millions of dollars and then live with paying little or no taxes, then the claim that taxes are to high goes right out the window.

   So what about the middle-income taxpayers?

Income taxes:  A family of four in the exact middle of the income spectrum will pay only 5.6 percent of its 2011 income in federal income taxes, according to a new analysis by the Urban Institute-Brookings Institution Tax Policy Center. [3]  Average income tax rates for these typical families have been lower during the Bush and Obama Administrations than at any time since the 1950s, as Figure 1 shows ( Center on Budget and Policy Priorities )

   Oh hell, it gets worse.

Most stunning is the shift in taxpaying responsibility from corporations to workers over the years. For every dollar of workers' payroll tax paid in the 1950s, corporations paid three dollars. Now it's 22 cents.       Common Dreams

   What is really pathetic is that many of those Republican voters who make less than even middle income ( hourly workers ) will still go out and vote for con men like Mittens Romney, thus cutting their own throats once again if this chump is elected. If you are going to be stupid, at least don’t do it on a national stage.

   I believe that it will take much voter-fraud for that to happen at the current time. Remember though that is how George Bush was elected. Republican’s still cannot win a fair election.