Author: Tickler

Americans’ Tax Burden Near Historic Low – washingtonpost.com

Overlooked was one big drawback for the nation’s finances: More people are likely to pay no income taxes at all.

According to the most recent IRS statistics, about 45 million households — a third of all filers — owed no federal income tax after taking their credits and deductions in 2006. This year, with the profusion of new credits in the stimulus package, about 65 million households — or 43 percent of all filers — are likely to owe no income taxes, according to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution.

via Americans’ Tax Burden Near Historic Low – washingtonpost.com.

PETER FERRARA: Obama Is So Clueless About Federal Taxes « FOX Forum « FOXNews.com

Before Obama became president, the top 1% of income earners already paid 40% of the total federal income taxes. The top 5% of the population the president is targeting for tax hikes already paid 60% of federal income taxes.

By contrast, the bottom 40% of income earners, who lefties like Obama often refer to as “working people” or the “working class,” as a group already paid no income taxes. Instead, they received net payments from the tax system equal to 3.8% of total income taxes. In other words, the bottom 40% paid negative 3.8% of total federal income taxes.

In addition, the middle 20% of income earners, the actual middle class, paid just 4.7% of total federal income taxes, before Obama even won the election.

via PETER FERRARA: Obama Is So Clueless About Federal Taxes « FOX Forum « FOXNews.com.

Faith Groups Increasingly Losing Legal Battles Over Gay Rights – washingtonpost.com

Those bigoted gays…

A disgusting record and shameful for a country that was founded on religious freedom. The rights of 2.5% of the population who are gay, a rounding error, seem to trump the rights of the 85% of religious people in the U.S. These are dark times for the republic and counter-suits should be employed against those same bigoted and intolerant gays.

Faith Groups Increasingly Losing Legal Battles Over Gay Rights – washingtonpost.com.

TheHill.com – A crisis Obama won’t waste

This economic crisis is too useful for Obama to want it to end. When Rahm Emanuel — and later Hillary Clinton — spoke of never letting a good crisis “go to waste,” many people were shocked. But now Obama seems to embody the corollary: that the crisis should continue until he has thoroughly milked it to reshape American politics, society and the economy. Like Faust, he seems to wish that this “given moment” will “endure forever.” Unlike Faust, however, he will not lose his “life and soul” to such a wish. He’ll sacrifice ours instead.

…read the rest at the link below

TheHill.com – A crisis Obama won’t waste.