Liberal Math
I've heard it said several times now that Barack Obama will cut taxes for 95% of Americans. Since only 60% of Americans pay income tax, I'm curious about how The One plans to pull that off. Here are a few factual income tax numbers using accepted mathematical methods.
Wage Earners | Income Taxes Paid | |
Top 1% | 39.89% | |
Top 5% | 60.14% | |
Top 10% | 70.79% | |
Top 25% | 86.27% | |
Top 50% | 97.01% | |
Bottom 50% | 2.99% |
This chart shows where the tax burden lies and contrary to every liberal who has ever opened their mouth, the "rich" are not getting a break while the rest of the country pays all of the income taxes. That is an outright lie.
The next time you hear a liberal say Bush or McCain want to give tax breaks to the rich, just remember that 50% of the wage earners in this country are supporting the other 50%.
Income tax chart from National Taxpayers Union Foundation
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