Tuesday, August 23, 2011

Rick Perry: Middle Income Americans Don't Pay Enough Income Taxes [leftist spin, ie, lie]

Rick Perry:

Middle Income Americans Don't Pay Enough Income Taxes [leftist spin, ie, lie]:

I’ve been blissfully off the grid for the past few days, cycling in Western New York. (Allegany State Park is absolutely gorgeous. Made me be glad to be paying taxes in New York State.) I could forget about the debt ceiling fiasco, 9 percent unemployment, the tea party, runaway health spending, global warming, the NBA lockout…

But back in the real world, I learn from newly minted GOP presidential candidate Rick Perry what’s wrong with America—that middle income Americans don’t pay enough taxes. Really.

We’re dismayed at the injustice that nearly half of all Americans don’t even pay any income tax. (Quoted in this terrific Ruth Marcus column.)

We’re apparently not dismayed that more than half of all Americans have been in a 30-year recession with little or no income growth. We’re apparently willing to write off Social Security and Medicare payroll taxes, which are the big federal taxes for low- and middle-income Americans. A family of four earning $30,000 may pay no federal income tax, but it pays $4,590 in payroll taxes (including the employer’s share, which economists believe is ultimately paid by the employee in the form of lower wages). Payroll taxes are much bigger than income taxes for most families.

(Excerpt) Read more at forbes.com ...

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