Tuesday, October 11, 2005

It's your money, don't let them take it without a fight

A great column from Joseph Bast...who says 40% that's nearly half of all income is sent to the government to spend.

He points out that according to data from the Internal Revenue Service, the top 1 percent of income earners pay nearly 35 percent of the income tax burden; the top 10 percent pay 65 percent; and the top 25 percent pay nearly 83 percent. The bottom 50 percent of income earners, on the other hand, pay barely 4 percent of income taxes.

He also reminds us that our Founding Fathers fought a war for independence over taxes that are much lower than what we pay now.

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