The rich do not pay most of the taxes… they pay all taxes

A Congressional Budget Office report showed the top 40% of wage earners paid 106 percent of all taxes. The bottom 40 percent pay negative 9%. That is correct. Those in the bottom income strata earn about $ 8,100 per year and get around $25,000 of free income transfer. (see page 13, Table 3 of the report)

Ah yes, socialism at it’s best! As Margaret Thatcher said; “Socialism works until you run out of other people’s money.”

Russia, years ago, developed a flat 13% tax… that everyone pays no matter how little or much they earn. Their economy skyrocketed. Other European countries have done the same with the same results.

It is comical to me… the left wants everything to be fair and equal. You see it in postal rates. For example, no matter how close or far away your mail goes it is the same rate (and the post office loses billions per year.)

The left wants losers and winners to be the same! Yet, they want tax rates to be progressive. How is that fair and equal? I think they have the Robin Hood syndrome… take from the rich and give to the poor. Remember this come April 15th!

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Watch my new FREE webinar, How To Double Your Social Security Benefits While Reducing Your Taxes By 80% In Retirement, take advantage of the free offer at the end.

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