Income Tax Day

Income tax day, April 15, 2010, now divides Americans into two almost equal classes: those who pay for the services provided by government andthe freeloaders. The percentage of Americans who will pay no federal income taxes at all for 2009 has risen to 47 percent. That isn't the worst of it. The bottom 40 percent not only pay no income tax, but the government sends them cash or benefits financed by the taxes dutifully paid by those who do pay income tax. The outright cash handouts include the Earned Income Tax Credit (EITC),which can amount to as much as $5,657 a year to low-income families.Other financial benefits can include child tax credits, welfare, foodstamps, WIC (Women, Infants, Children), housing subsidies, unemployment benefits, Medicaid, S-CHIP, and other programs. This is both a massive transfer of wealth and a soak-the-rich racket. The top 10 percent pay 73 percent of the income taxes collected by the federal government.

Based on Congressional Budget Office figures, taxes to pay for Obamacare will have to skyrocket to an 88 percent income tax rate within 30 years. Although all wage-earners help fund their own Social Security and Medicare benefits, only federal income taxpayers pay the costs of running the federal government, and are responsible for paying off our $12.8 trillion national debt and for bailing out Social Security, Medicare, and Fannie and Freddie when they collapse. The recently passed Health Control Law contains financial subsidies to unmarried couples that are denied to married couples. This rewards the unmarried women who were the second largest demographic constituency that voted for Obama for President in 2008. When Obama told Joe the Plumber he wanted to "spread the wealth around," Obama wasn't kidding. That's exactly what he is now doing: taking money from
taxpayers and spreading it around to non-taxpayers. Nor was Obama kidding when, on the eve of his election, he threatened "We are going to fundamentally transform the United States of America. Converting the earnings of American workers into handouts for those who voted for Obama in 2008 is certainly a fundamental transformation. Obama's redistribution of wealth is working -- taking from our most productive citizens and giving to the least productive just as Karl Marx prescribed in 1875, "...to each according to his need, from each according to his work."