Tuesday, April 15, 2008

Tax Cuts for the "Rich"

Did Dubya cut taxes for the rich? Absolutely yes because they are the ones that actually pay taxes. The top 10% of AGI taxpayers actually pay over 70% of the Federal Income Tax. That is anyone with AGI above $103,000 in 2005. I bet B Hussein and Billary fail to mention that when they talk about tax cuts for the rich. On top of that, 37% of "tax payers" pay no taxes as they are in the 0% tax bracket. Who did that? Dubya. How can you reduce taxes on tax payers that pay no taxes? Give them rebates for taxes they did not pay.

There is a great post today at Carpe Diem.

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