Monday, September 29, 2008

Obama's "95% Tax Cut" Ruse

As we patiently listen to Sen. Obama's tedious torrent of socialist mantras like "economic fairness" and "leveling the playing field", we would all do well to clearly remember just who pays the taxes in these United States.

When speaking about tax policy with Obama disciples, we must intellectually challenge them with, among other truths, this verifiably indisputable FACT:

"According to the IRS, 75% of tax filers in the top
5% income bracket are small busniness owners who create
75% of new jobs in America."


To help lead our liberal friends further into the light, here's a breakdown of what portion of total taxes collected is already paid by the various income brackets:

Top 5%..........60%
Top 10%.........70%
Top 25%.........86%
Top 50%.........98%
Bottom 50%.......0%

This straightforward IRS breakdown means that Obama's oft-repeated and seductive promise of a "tax cut" for 95% of taxpayers is shamelessly misleading. (In impolite circles it would be called a "lie".) Simply put, since 50% of low and middle income earners pay no tax, then 50% of Obama's 95% figure will NOT get a tax cut. What they will get is a bread-and-circuses, vote-buying welfare check. Again, not a "tax cut".

Finally, history has proven over and over and over again that taxing business stymies job growth and economic prosperity. Thus, imposing higher taxes on the top 5%--75% of whom are small businesses which create 75% of new jobs--would severely hurt the very people whom the liberals loftily profess they so desperately want to help. Unblievable. The twisted logic of socialism.

Now that this is off my chest, let the Obama chicanery resume--but, in part, pre-exposed this time around. And let's none of us be reluctant to enlighten those Obamaniacs who, despite the intrusion of facts in their lives, opt to see and "feel" otherwise.