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Health & Fitness

Untruths on taxes, Robin Hood, and revenue.

Clearing up some common untruths that frequent the daily news

So many twisted lies, so little time.  Let's start with taxes, and this "fair share" argument.  This makes me sick to my stomach every time I think about it.  In 2011 Mitt Romney paid 13 % for Federal income tax, and people are complaining that he pays the same rate as a person that makes 50,000 dollars a year.  I don't think that it requires a rocket science degree to figure out that, 13% of Mitt Romney's millions is a heck of a lot more, that 13% of 50,000$.  When you take take into account that the top 1 percent of income in the US pays 40% of the federal income tax, and the top 10 percent pays around 80%, you see that this "fair share" argument does not hold up.  Our tax system, as flawed and complicated as it is, runs on the principle that people that make more money, pay more in taxes.  This is just percentages, people. I think we all learned this in like 5th grade, so it's not an extreme, or hard to grasp concept.  These numbers and statistics are on www.treasury.gov, it's all there for the few that want to call me a liar and dismiss what I am saying.   

 

Now onto Robin Hood, the man that made himself famous, by "taking from the rich, and giving to the poor".  Some have called Barack Obama, Robin Hood, but, comparing the two is not anywhere near accurate.  Robin Hood, took from the tyrannical king, and his lawless sheriff, and gave to the people that were being oppressed under the regime.  So the Robin Hood comparison is not a valid comparison.  I don't know why this bothers me, I guess I didn't feel like they were being fair to Robin Hood. 

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Now, lets talk tax revenue.  More tax payers, not higher taxes.  Reagan said it then, and it still reigns true.  Cutting taxes, leads to increased revenue.  Jack Kennedy did it in the 60's, Reagan did it in the 80's.  Tax revenue is dependent on a healthy economy, and taxing everyone to death does not make a healthy economy.  If you taxed every American 100% of their income, It would only fund the operation of the federal government, for 98 days.  They cannot tax everyone enough to even put a dent in the annual budget deficit, or the national debt. The amount that the federal government takes in annually for income tax, averages 1.1 Trillion dollars.  We spend 1.03 Trillion dollars just on social programs and entitlements.  That is not including Medicare and SS.

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These are the lies that our so called main stream media continues to regurgitate.   Do you own reading, your own research, Believe only half of what you see, don't believe anything you hear.

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