In 2011, the top 1% shouldered 35% of the tax burden, although their share of income was just less than 19%. The top 0.1% (one-tenth of one percent) accounted for less than 9% of all income, but paid 16% of income taxes.
What’s more, the long-term trend has been to tilt the tax burden increasingly toward the rich. In 1980, the top 1% paid less than a fifth of all income taxes; by 2011, they paid more than a third.
And this doesn’t count the various Obama tax hikes on the wealthy that kicked in this year, both as part of the January budget deal and ObamaCare.
So much for Obama’s complaint that “as a trickle-down ideology became more prominent, taxes were slashed for the wealthiest.” Just another lie, it seems.
According to a Tax Foundation analysis of new IRS data, the bottom half of income-tax filers paid 36% more in taxes in 2011 than they did in 2010 — even though their incomes barely budged.
The top half, in contrast, saw their tax burden climb only 9%. The average tax rate paid by the bottom half has climbed every year under Obama, going from 2.35% in 2009 to 3.13% in 2011.
Viewed another way, the share of “adjusted gross income” earned by the bottom half fell slightly in 2011, but their share of income taxes paid actually rose — the first such increase since 1989. (IBD)
But was made up by government transfer payments (aka welfare and the like) so if the poor didn’t have Big Brother paying them off they’d actually be paying more!
And who’s paying for those payments. In part, they are.
So it’s a shell game. It’s a dependency game. In fact, it’s all just a game.
Oh, and it get’s better. If the vassal leaves the area around the Lord’s castle they will be robbed by the King’s men.
It’s bad enough that the president’s health insurance takeover costs more, breaks his pledge of letting you keep your plan and diminishes choice. It actually restricts your travels too.
‘We have never had to put a wall up to keep our people in.” Those words from President John F. Kennedy in June 1963, standing at the Berlin Wall, neatly illustrated the moral superiority of the free West over the Soviet bloc.
But Americans are now about to find themselves grappling with their own bureaucratic Berlin Wall. The American Thinker’s Stella Paul has exposed the virtually unnoticed fact that within the ObamaCare exchanges so many Americans are being forced into, “most plans only provide local medical coverage.”
Paul warns this will have “a profound impact on the real-estate market, particularly the second home sector, and on the travel business.” She interviewed one Connecticut retiree whose health required having a winter home in South Carolina. Her $450-per-month, $2,500 deductible, no co-pay Blue Cross policy that had worked well in both states was suddenly canceled.
The new policy she was offered under ObamaCare was twice as expensive, with a deductible costing $1,000 more, and no out-of-network coverage.
Having had a surgery at Memorial Sloan-Kettering Cancer Center in New York City, out-of-network coverage was a must. And she found it. “It’s $900 a month,” she told Paul, “with a $7,000 deductible and a co-pay on everything. Basically, it’s catastrophic insurance, and I’ll be paying my South Carolina doctors out of pocket.”
A prominent New York insurance broker pointed out that most of the policies offered on the ObamaCare exchanges are not national networks, so “if you need routine medical services, they will not be covered when you leave your local area,” as they were before.
Travel health insurance, unfortunately, only covers emergencies. So, the broker told Paul, “a large portion of the population will have their insurance as a consideration for their mobility, which they never had before.”
Imagine having to take all this into account in making decisions about where in America you want to live.
And as Paul asks, “With Americans no longer able to receive routine medical services when they travel, will they start showing up in emergency rooms for sore throats and backaches? And how will these new throngs of patients affect the waiting time of people with genuine medical emergencies?”
Meet the latest unpleasant ObamaCare surprise, right on the heels of HHS Secretary Kathleen Sebelius this week finally admitting that, contrary to Obama’s endlessly repeated promise, “there are some individuals who may be looking at increases” in premiums.
Unrestricted movement is a birthright of our liberty. Even socialized medicine’s harshest opponents didn’t suspect Washington would trample that freedom. (IBD)
You have to keep close to your local Lord and Master or else!
Don’t go off the reservation of venture to far from the protection of your Lord or else the beasties and robbers in the wilderness will eat you alive….
You’re a Vassal.
A vassal is a person who has entered into a mutual obligation to a lord or monarch in the context of the feudal system in medieval Europe.
Lord Government is calling…As Americans realize they must pay for all non-emergency medical care when they leave their home county.