A new Congressional Budget Office study has torn a hole in yet another one of President Obama’s insistent claims about the way things are.
The Congressional Budget Office study, “The Distribution of Household Income and Federal Taxes, 2010, ” shows that the top 40 percent of households, based on pre-tax income, paid a remarkable 106.2 percent of the nation’s income tax in 2010. Meanwhile, households in the bottom 40 percent paid “negative income tax,” receiving an average of $18,950 in government transfer payments while paying no federal income tax.
That fact contradicts the Saul Alinsky-like theme central to President Obama’s 2012 re-election campaign in which he claimed “the rich are not paying their fair share of income taxes.”
The poor in America not only pay no income tax, they receive various government payments drawn from income tax revenues paid by the so-called “rich.
”More @ WND
what a concept, in a broke country where people are paid not to produce... but to lay on their ass and watch their 60" TV's and wait till their neighbor goes to work so they can break into their homes and steal what they want......
ReplyDeletewhen will the workers finally rise up and bash the lazy bastards?
what a concept, in a broke country where people are paid not to produce... but to lay on their ass and watch their 60" TV's and wait till their neighbor goes to work so they can break into their homes and steal what they want......
DeleteReally.