The Myth Of Taxing The Rich.

Demoncrats LOVE to “Tax the Rich” which is odd because the Demoncrats in power usually ARE “the rich”. I have never heard of the Clintons, Pelosi, Reid, Rangel or any of them giving up tax exemptions and shelters so the the poor can have more but they LOVE TO TAX THE RICH!

The scam is that tax increases do not really affect the rich as much as they affect the middle-class. The reason- ‘the rich’ have more disposable income and can afford to ‘hide’ that money in deductions and tax shelters whereas the middle-class usually don’t have enough disposable money and ends up with only one tax-shelter, his/her house.

If you compare theoretical tax rates & actual tax rates vs ‘money coming in’, you’ll see that the middle-class bears the brunt (rate-wise) of this “tax the rich” system. See below-

So, when you hear Obama (or any other politician) saying that they are ‘only going to tax the rich’, they are lying to your face and you’re gonna get the shaft (while they max out their tax-deductions and shelters).

Warren Buffett even agrees- ” Warren Buffett, the third-richest man in the world, has criticized the US tax system for allowing him to pay a lower rate than his secretary and his cleaner.”

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2 Responses to “The Myth Of Taxing The Rich.”

  1. Best webBlogs reView » Blog Archive » The Myth Of Taxing The Rich. Says:

    […] cmblake6 wrote an interesting post today onHere’s a quick excerptDemoncrats LOVE to “Tax the Rich” which is odd because the Demoncrats in power usually ARE “the rich”.  I have never heard of the Clintons, Pelosi, Reid, Rangel or any of them giving up tax exemptions and shelters so the the poor can have more but they LOVE TO TAX THE RICH! The scam is that tax increases do not really affect the rich as much as they affect the middle-class.  The reason, ‘the rich’ have more disposable income and can afford to ‘hide’ that money in deductions and tax shelters whereas the middle-class usually don’t have enough disposable money and ends up with only one tax-shelter, his/her house. If you compare theoretical tax rates & actual tax rates vs ‘money coming in’, you’ll see that the middle-class bears the brunt (rate-wise) of this “tax the rich” system. See below- […]

  2. Obama, Change 1976 Style…. « Useful Idiot Watch Says:

    […] announcing their pay-off!?!?) 3) The Obama/Biden “Raise the Taxes” economic plan is NOT JUST FOR THE RICH! It WILL raise the middle-class taxes and it WILL CAUSE UNEMPLOYMENT when businesses cut-back and […]

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