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.


Tags

2 comments:

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.