DYSPEPSIA GENERATION

We have seen the future, and it sucks.

April 15: Payday

17th October 2012

Read it.

“For well more than one of every three Americans, April 15th isn’t tax payment day, it’s payday from Uncle Sam.”

So writes Stephen Moore in his latest book, Who’s the Fairest of Them All?, after analyzing who pays federal income taxes and who receives tax credits from the government.

My, what a surprise! Aren’t you surprised? I’m sure surprised.

Moore notes that “the bottom 40 percent of income earners as a group paid no federal income taxes” in 2007. “Instead, they received net payments from the income tax system equal to 3.8 percent of all federal income taxes.”

It’s bad enough that the lower half aren’t paying any taxes, but even worse that they’re being subsidized by the people who do pay taxes.

2 Responses to “April 15: Payday”

  1. Dennis Nagle Says:

    *sigh* The bottom half don’t pay any taxes because they don’t make enough money to tax; since they only account for 12.5% of all income, there’s no point.

    And they receive “3.8 percent of all federal income taxes” in federal aid.
    Really? 3.8%? That’s all? You’re bitching and moaning about a mesely 3.8%?

    Find something substantive to complain about. This is a non-problem.

  2. Tim of Angle Says:

    If they have 12.5 percent of the income, they ought to pay 12.5% of the taxes. That’s what normal people call ‘fair’, a concept alien to Democrats and other thieves.