Interesting Tax Stats
Summary of Latest Federal Individual Income Tax Data – via the Tax Foundation
Tell the Legislators: Low Taxes and Regulations Are Good for Growth – Reviewing the ALEC’s State Economic Competitiveness Index. You can download the full 114 page report here.
Their Fair Share - The WSJ looks at the status of the tax attacks on the evil rich in this country.
New IRS Tax Numbers: "Rich" Pay Highest Share in 40 Years - From Rush
Tax Burden Trend Continues...
The polarization of the income tax burden in the spirit of screwing the evil rich continues. When more than half of the voting public has been practically winnowed out of the tax paying populace, our rulers can continue to financially rape the evil rich minority with complete impunity.
This chart illustrating the 2005 income tax burden from the Heritage Foundation is very enlightening:
(Click on image for full size)
These quotes come to mind on this aspect of heavily taxing a minority:
"Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay."
"A government which robs Peter to pay Paul can always depend on the support of Paul."
-- George Bernard Shaw
When there's a single thief, it's robbery. When there are a thousand thieves, it's taxation.
Taxes in 2008 vs. 1999
Snopes.com has an interesting look at the Federal income taxes at various income levels under the tax rate structure from the Clintons' 1999 and Bush’s 2008. No surprise which is lower for every income level.
If the Bush tax cuts are allowed to expire, eveyone at all income levels will see their taxes jump by quite a bit.
Tax Freedom Day
The Tax Foundation has calculated that this year's Tax Freedom Day is tomorrow, April 23. They've produced an entertaining and informative video on what this means.