CBO Surprise: ‘Rich’ Pay 106% of Income Taxes

A new Congressional Budget Office study has torn in hole in yet another one of President Obama’s insistent claims about the way things are.

The Congressional Budget Office study, “The Distribution of Household Income and Federal Taxes, 2010, ” shows that the top 40 percent of households, based on pre-tax income, paid a remarkable 106.2 percent of the nation’s income tax in 2010. Meanwhile, households in the bottom 40 percent paid “negative income tax,” receiving an average of $18,950 in government transfer payments while paying no federal income tax.

That fact contradicts the Saul Alinsky-like theme central to President Obama’s 2012 re-election campaign in which he claimed “the rich are not paying their fair share of income taxes.”

The poor in America not only pay no income tax, they receive various government payments drawn from income tax revenues paid by the so-called “rich”

Post Continues on www.wnd.com ...

10 thoughts on “CBO Surprise: ‘Rich’ Pay 106% of Income Taxes

  1. Nice weblog right here! Additionally your site a lot up very fast!
    What web host are you the use of? Can I am getting your
    associate hyperlink to your host? I want my web site loaded up as fast as yours lol

  2. Terrific article! That is the kind of info that are meant
    to be shared across the net. Shame on the search engines for now not positioning this publish higher!
    Come on over and discuss with my web site . Thanks =)

  3. You have made some really good points there. I looked on the
    net to find out more about the issue and found most individuals
    will go along with your views on this site.

  4. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four emails with the
    same comment. Is there any way you can remove people from that service?
    Thanks!

  5. I absolutely love your website.. Pleasant colors & theme.
    Did you create this site yourself? Please reply back as I’m attempting to create
    my very own site and would love to find out where you got this from or what the theme is named.
    Appreciate it!

  6. This is very interesting, You’re a very skilled blogger.
    I’ve joined your rss feed and look forward to seeking more of
    your great post. Also, I have shared your site in my social networks!

  7. Heya this is somewhat of off topic but I was wanting to know if
    blogs use WYSIWYG editors or if you have to manually
    code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get guidance from someone with experience.
    Any help would be greatly appreciated!

Leave a Reply

Your email address will not be published. Required fields are marked *