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" With Tax Day again upon us, two story lines will predictably dominate the media coverage on April 15th. In their perpetual war on taxes, conservatives will claim that rates are too high even as those Americans who receive tax credits get "welfare."
Meanwhile, frothing-at-the-mouth Tea Partiers will protest about being "Taxed Enough Already."
Sadly, the numbers tell a different tale. After a decade of the Bush tax cuts, it's clear that only one side is fighting - and winning - the class war. As for the Tea Baggers, they aren't merely, as Jon Stewart suggested last year, "confusing tyranny with losing." They are confused about so much more.
Here, then, are 10 Inconvenient Truths for Tax Day:
Over 95% of Working Households Got Tax Cuts
Only 2% of Tea Baggers Know Obama Cut Their Taxes...
...and 52% of Tea Partiers Think Their Taxes are Fair...
...and Think the Federal Tax Level is Over Double What It Is
1% of Families Earned 24% of All Income...
...and 57% of All Capital Income
400 Richest Taxpayers Saw Incomes Double, Tax Rates Halved
Only 1 in 500 Families Pay the Estate Tax
Corporate Taxes Have Plummeted as a Share of GDP
The U.S. Loses $345 Billion a Year to Tax Evasion and Fraud
The details and data on each follow below.
more
<http://www.perrspectives.com/blog/archives/001830.htm>
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