Saturday, May 7, 2011

Tax the rich, Feed the poor, ‘Til there are No rich no more

By Rick Manning
When you filed your taxes this year, did you get a refund larger than the amount the government withheld from your paycheck?

If you were one of the 23.1 million tax filers who benefitted from federal government share-the-wealth schemes like the Earned Income Tax Credit, you were effectively put on welfare according to the Congressional Joint Tax Committee.

An incredible 15.5 million of these tax filers actually received more money in a refund than was paid in by either themselves or their employers through various payroll taxes.

These working Americans did not ask for a welfare handout, but the tax code is written to pay extra money to people who federal lawmakers have determined don’t make enough money on their own. In doing so, the federal government has created a whole new welfare class, a working welfare class.

Is it any wonder that John McKinnon reported in the Wall Street Journal, that the percentage of U.S. households owing no federal income tax climbed to 51 percent for 2009?

That’s right. A majority of U.S. households don’t pay any income tax. Is it any wonder why the mantra of taxing the rich has become the rallying cry of the left, and middle class tax cuts now means expanding the number of people who don’t have a stake in the cost of government?
Get full story here.

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