Monday, September 5, 2011

Taxaholics in Washington

by Richard Crews
Warren Buffett paid over seven million dollars in income taxes last year; I paid zero.

In fact, the wealthiest 2% of Americans pay nearly 50% of the income taxes the federal government receives (and income taxes are the largest source of money the government runs on); 40% of the U.S. population pays no income taxes.

Does that seem fair? What on earth can those taxaholics in Washington be thinking of to want rich folks to pay an even greater part of the costs of running the government?

Let's look at this from another direction:
The average American household had--after taxes--about $100 per day to live on last year.
The wealthiest 2% had, on average--after taxes--about $1,000 per day.
Warren Buffett kept--after taxes--about $100,000 a day.

Get the picture?