According to CNNMoney.com, “the top fifth of households made 56 percent of pre-tax income in 2006 but paid 86 percent of all individual income tax revenue collected,” with “the top 1 percent of households, which made 19 percent of pre-tax income, paying 39 percent of all individual income taxes.”
CNNMoney.com continues: “The trend is similar if you count income taxes, social insurance taxes, excise taxes and corporate income taxes (such as capital gains) combined. The top fifth of households paid 69 percent of all federal taxes. The top 1 percent paid 28 percent.” Uncle Sam, when handing out tax return checks, gives more back to the wealthy because they paid more into the system. Common sense.
CNNMoney.com also states the “Tax Policy Center estimates that for 2009, 43 percent of tax units (most of which are lower-income households that may or may not file a return) will have no income tax liability or will have a negative income tax liability, meaning the government will actually pay them.” Getting paid for nothing. Nice.
Those of us who work our asses off, often laboring 40, 50, 60 or more hours each week, are getting hosed by those that feel they are entitled to our money. The harder we work, the more money we make, and the more money we have available for our personal desires. If the incentive to work hard is driven away by a government that wants to give my money to a bum, the drive to work hard and move ahead is killed. Note the failed attempts of socialism.
The next time Mr. Maher is speaking at the Civic Center Music Hall, he may wish to lower his entry fee and instead accept food stamps for admission. He might see a larger gathering.