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Posted: 1:00 a.m. Tuesday, Sept. 5, 2006
By Neal Boortz
| Today's Nuze: September 05, 2006 | ||
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| Tuesday, September 5, 2006
The Democrats, with no small amount of help from Republicans, are making headway on their goal of shifting the entire federal tax burden in this country onto a minority of income earners. In 2004 the bottom one-half of income earners paid only 3.3% of all federal income taxes. That's down from the Clinton years. In fact, that's the lowest share paid by the bottom half ever. According to The Wall Street Journal, the majority of American families with incomes less than $40,000 pay no income taxes at all! When you factor in the welfare program known as the Earned Income Tax Credit, many of these families are coming close to getting a completely free ride! OK ... but what about the evil rich? In 2004 the top 1% of all income earners earned about 19% of all income. So ... the rich really are benefiting from Bush's tax policies, aren't they? Just 1% earning 19% of all income? Sorry to burst your bubble, but that figure was higher in the Clinton years. During the time Clinton was in office this figure went from 13.8% to nearly 21%. Funny how you didn't read a lot of newspaper stories during the Clinton years about growing income inequality, isn't it? Now, under bush, the share of total income earned by the wicked rich has fallen! But what about the income taxes! Surely George Bush has all but wiped out income taxes for the nasty rich, hasn't he? Nope. In 2004 the top 1% of income earners -- that crowd that earned 19% of all income -- paid 36.9% of all income taxes. The top 5% of income earners paid a whopping 57.1% of all income taxes. That's an increase under Bush. So much for "tax cuts for the rich." OK .. well how about the super-rich? What about the top one-tenth of one percent of income earners? Lordy, I don't even know how much you have to earn to be in this crowd. From 2002 to 2004, with the hated Bush tax cuts firmly in place, the top 0.1% of income earners saw their share of total income taxes paid go from 15.4% to 17.4%. That's up a full 2% for those of you who went to government schools. OK ... that's income taxes. But what about capital gains taxes and taxes on dividends? Bush cut those taxes too, didn't he? That's where the rich are making out like bandits, right? Well ... glad you asked. Since Bush's tax cuts the Imperial Federal Government has seen an increase of 79% in capital gains taxes, and 35% for taxes on dividends. Just remember these figures the next time you see some Democrat whining about income inequality and the need to redistribute income. It looks like we're doing quite a bit of redistribution as it is.
There are reports from the Middle East today that Israel and the Palestinians are discussing a prisoner swap. One Israeli soldier for who knows how many Palestinians prisoners. We all know the scenario from here, don't we? The Islamic Palestinian goons will continue their assaults on Israel. Israel will continue to arrest them. The jails will once again become crowded with Islamic murderers and thugs. Hamas will kidnap another Israeli soldier. There will be some fighting .. and then a prisoner swap. In the meantime, most agree that Hezbollah is busily rearming and strengthening in Southern Lebanon, while the West puts on its ballet slippers to deal with Iran. Sooner or later the Islamic fascists have to be destroyed. The longer we wait, the bloodier it is going to be.
Illegal immigration? That just might have been their golden ticket. It is an issue that excites the conservative base and will send them to the polls. But Republican inaction on the illegal alien invasion is just the kind of thing that will keep Republicans home on Election Day and put the speaker's gavel in Nancy Pelosi's hands. And don't even get me started on the FairTax. Talk about something that will get people to the polls. One
thing is clear. The Republicans are not showing one ounce of courage in
this election year. Not a bit. It takes courage to defend this
country, and courage to make the changes that need to be made to preserve this
country for those to follow. The Republicans don't have it. In spite of all the talking and nothing getting accomplished, Kofi-the-Korrupt did share with us his wisdom to the effect that the issue of Iran's nuclear program should be resolved through .... talks. More talks?
That's his solution? Isn't it clear now that the United Nations Secretary
General is just another in a long list of stooges for Islamic terrorism?
It's good to have friends in high places, isn't it? REDNECK SCRAP BOOK If you are at a BBQ and your burger tastes like crap, this might be why. I think I prefer someotherrednecksolutions. More in the Redneck Scrap Book. READING ASSIGNMENTS The Parents Television Council website, in case you might need it for anything. Gee, we wonder how they stand on the 9-11 documentary... Well, tonight's the
night:
Perky Katie Couric debuts as the new anchor
on the CBS Evening News. We'll find out at 6:30 just what CBS spent all that
money for. According to one report,
The Godfather is set to make an appearance. | ||
BOORTZ BLAST NEWSLETTER
COMMUNITY
Belinda Skelton, Ken Rogers, Laura Nunemaker and Brian Ganey assist in the daily preparation of Nealz Nuze! |
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