Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=36587In his July 15th radio address, President Clinton bashed the Republican Congress' tax-cut proposal. "Their plan would take all of our projected surplus and spend it all for tax cuts and for the cost of privatizing partially the Social Security system, and other spending." Spend it all for tax cuts? Privatizing Social Security and other spending? We all know that Bill Clinton has redefined the words "is," "sex," and "alone." But the redefinition hasn't stopped there, over the last eight years, according to ClintonianAlgorean lingo, tax cuts have become "spending." Allowing you to keep your own money has become "spending." Letting people control where their Social Security taxes are invested, in their own individual accounts, has also become "spending." Don't buy this con. Or the liberal con about taxing the rich so they pay their "fair share." In fact, let me tell you about the rich and taxes. Last month we all read in The Wall Street Journal the Statistics of Income Bulletin had published the latest numbers on income and income taxes. How much of total individual income taxes do you think the richest one percent of Americans paid? The top 1 percent (making an adjusted gross income of at least $250,736) paid 33.2 percent of all the income taxes for 1997, the latest year for which these data are available. One-third! Not only do they make up a mere one percent of the working population; the top one percent accounts for only 17.4 percent of total adjusted gross income. And yet they're paying a third of the taxes! The so-called super-rich in this country are being fleeced. And as time goes by, they're made to pay an even larger share of the taxes, (Back in 1981, the richest one percent paid only 17.5 percent of all income taxes.) But get this. The top 5 percent of eeevil, filthy rich (making at least $108,048) paid a full 51.9 percent of total income taxes. You read it right. More than half. They make up only 1/20th of the working population, and they earn only 31.8 percent of total income of this country, yet they are asked to pay 52 percent of the income taxes. They're abused because they are successful, because, in Little Dick Gephardt's words, they are "the winners of life's lottery" - and, according to liberals, they don't really need all that money anyway. They don't need that money..LOL! There's more. The top 50 percent of income earners, those who make above the median income, paid a staggering 96 percent of all personal income taxes. Meanwhile, the average federal income-tax rate on all taxable returns rose to 15.3 percent - the highest level since the mid1980s. So much for the notion that soaking the rich somehow helps the non-rich. It's not as if they got any tax relief. Oh, and by the way. For those of you who aren't recent graduates of the public school system and are still capable of performing arithmetic, this means of course that the bottom 50 percent of taxpayers pay only about 4 percent of total taxes. Let me res...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=3658738013210arno<span id="intelliTXT">Well...it looks like the Supremes will make everybody who can&#39;t pay for health insurance will have to pay a health care tax.<br><br><i>evil grub</i></span>https://www.siliconinvestor.com/readmsg.aspx?msgid=282458047/4/2012 11:19:14 AM