Wednesday, May 10, 2006

The Party For America's Super Rich (The GOP)

Have agreed to run up the national debt by another $70,000,000,000.00, and give the vast majority of that money to the very very very rich.

The top tenth of 1 percent, whose average income is $5.3 million, would save an average of $82,415. Those in the top group would see their tax bill cut 4.8 percent, while Americans at the center of the income distribution — the middle fifth of taxpayers, who will earn an average of $36,000 this year — could expect a 0.4 percent reduction in their tax bill, or about $20.

Those who make less than $75,000 — which includes about 75 percent of all taxpayers — would save, at most, $110 each. Those making more than $1 million would save, on average, almost $42,000.

And our children and our grand children and our great grand children get stuck with the bill.



romunov said...

Time to make Federal reserves FEDERAL.

Lynne said...

Most people don't realize the Federal Reserve is a private entity and not part of the government.

Also, in reference to our kids getting stuck with the debt: I showed them. I never had kids! No cannon fodder or tax serfs from me.