61% of Americans are dumber than a box of hammers.
That’s the only conclusion I can draw from a 60 Minutes/Vanity Fair poll released on Monday.
Sixty-one percent of Americans polled would rather see taxes for the wealthy increased as a first step to tackling the deficit, the poll showed.
Alternative conclusion — the people at 60 Minutes and Vanity Fair have a congenital case of cranial-rectal syndrome.
Take your pick.
But wait, I hear you cry. The rich need to pay their fair share!
Let’s see now. The top 1% of all income earners in the U.S. pay 40.4% of the total taxes collected.
In contrast, 36% of all Americans filing tax returns pay absolutely nothing into the system. Even worse, a typical married couple filing a joint return can now make over $50,000 with two children and pay zero in federal income tax.
How? Refundable tax credits, that’s how. The 2010 earned income credit is as high as $5,666 for taxpayers with three or more qualifying children. This is in addition to the $1,000 per child tax credit. That’s $8,666 which comes out of some rich guy’s pocket only to be redistributed to someone else.
There’s a word for a person who does that sort of thing without the imprimateur of a government program — thief.
Unfortunately there are all too many thieves out there, chomping at the bit to tell 60 Minutes and Vanity Fair how much they love that Robin Hood fellow.
This is an excellent post, and please go read it all, Chris even quotes a man, who, although long passed, is still smarter than every Liberal living today, put together!
“When the people find they can vote themselves money, that will herald the end of the republic.”
— Benjamin Franklin