At a recent conference at the left-leaning Brookings Institution, Hillary Clinton made this comment: "The rich are not paying their fair share in any nation that is facing the kind of employment issues — whether it's individual, corporate or whatever taxation forms..."
I am really getting a little tired of this rubbish that the poor and working class of America aren't getting a fair shake when it comes to our tax system. From the IRS' own 2007 statistics, the bottom 50% of wage earners in this country contributed less than 3% of all the taxes being paid into the IRS. In fact, the bottom 40% pay no taxes at all. Additionally, some Americans, by virtue of the EITC or Earned Income Tax Credit, not only don't pay taxes but, instead, collect money each year from the IRS. In effect, EITC is just another welfare program.
Conversely, the top 50% of all wage earners in America pay 97% of Federal taxes. The top 25% pay 86% of all federal income taxes. The top 5% pay 60%; and, the top 1% pay almost 41% of all the taxes being collected by the IRS.
No one in the bottom 50% of this country is out there really creating jobs. They have enough to do just to keep their own jobs since most don't have the educational skills (like a simple high school diploma) to progress upwards in our economy. But, the people on the top end of America's pay scale not only pay heavy taxes but, at the same time, they use their disposable income to create more and more jobs; even if it is simply hiring someone to maintain there landscaping or paint their house. I would only ask Hillary: If everybody in America was like the bottom 50%, where would we be today? Given the amount of spending for all the socialist crap that the Democrats keep coming up with,we would be dead broke as a country; with zero jobs. Even if we took every ounce of money away from the so-called "rich" in this country who make more than $200,000 a year, we would still be up to our eyeballs in debt because it is really the lower 50% who aren't pulling their weight; and, it all starts with them not putting the effort in to graduate from high school and acquiring reading skills above a 6th grade level. But, sadly, the educational systems of the major cities of the U.S. are hard pressed to graduate 50% of their high school students. There are only so many ditches that can be dug by non-graduates and that is the reality that Hillary and the Democrats can't seem to comprehend. It isn't "Dave the drop out" with his zero paid taxes that's going to run the Apple Computer's of the world and drive the creations of thousands of jobs, now is it?