The Tax Policy Center, a cooperative of the Brookings Institute and the Urban Institute, have concluded that nearly 47% of Americans will pay no federal income tax for 2009. This is another example of the increasing burden placed on taxpayers versus tax receivers.
If this trend continues those Americans who are net receivers of federal benefits will outnumber those who are the ones funding America.
The Tax Policy Center has additional information to help people understand what the true cost of taxation is and who really pays their fair share of taxes. Their web address is http://www.taxpolicycenter.org/ . The Tax Policy Center is no conservative or right-wing organization. Both Brookings Institute and the Urban Institute are liberal or left leaning organizations.
I can't take credit for the statements below, but I believe they are all true.
1) You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2) What one person receives without working for, another person must work for without receiving.
3) The government cannot give to anybody anything that the government does not first take from somebody else.
4) You cannot multiply wealth by dividing it.
5) When half of the people get the idea that they do not have to work because the other half is going to take care of them, then the other half gets the idea that it does no good to work because somebody else is going to get what they work for... And that, my dear friend, is the beginning of the end of any nation.
Thoughts?
Saturday, April 10, 2010
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