POLITICAL PARTY POOPER

WE WON'T BE SAFE WHILE POLITICAL PARTIES ARE LEGAL

FORTY PERCENT OF AMERICANS: NO INCOME TAXES

Posted by politicalpartypooper on October 22, 2008

Before we say goodbye to George W Bush, and welcome in Barrack Obama, let’s see if W really has been as bad for the American taxpayer as Obama has been saying.  In the graph below, see if you can tell how many Americans currently pay no income tax.  Pay particular attention to the drastic curve upward over the four years 2000 thru 2004.

Percent of Tax Filers Who Owe Zero Income Tax Liability, 1950-2004

Source: Internal Revenue Service, Tax Foundation.

It would seem that taxpayers have actually faired very well under George W Bush, something I am almost gagging in saying.  But, to be fair, when it comes to taxes,  George W Bush really was the lower middle class’ beer-drinking buddy.

I have heard one report say that the number of Americans paying no income tax as of 2007 was forty percent.  But Barrack Obama wants to spread the wealth around.

I’m not sure how much more “spreadin’ the wealth around” this country can stand.  At some point, we will become a welfare nation.  One thing is for certain; had Barrack Obama actually run against George W Bush, Bush and Rove would have destroyed him on the issue of who does more for the lower middle class.  Obama would have said the things he is saying now, without figures and statistics as he usually does, and Bush, the way he did it with Kerry, would have cited the above statistics, making Obama look rather uninformed.

We may not want to thank God for our next president, but at least we can thank him that we don’t have another four years of our last one.

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