OBAMANOMICS

OVER HALF OF AMERICANS DO NOT PAY INCOME TAX…….LEGALLY

Like Brian states at Weasel Zippers, It’s all his money. With no skin in the game, guess how they want things to continue? KGS


“Fifty-one percent — that is, a majority of American households — paid no income tax in 2009. Zero. Zip. Nada.”

John Cornyn says 51 percent of American households pay no income tax

Sen. John Cornyn, R-Texas, took to the Senate floor on July 7, 2011, to discuss tax policy. We checked one of his facts.

In a July 7, 2011, floor speech, Sen. John Cornyn, R-Texas, offered a striking statistic about how few American households pay federal income taxes.

“Let’s talk about federal tax reform,” he said, referring to suggestions that a restructuring of the tax code could emerge from bipartisan negotiations over extending the federal government’s ability to borrow money. “There has been a lot of discussion about that, where we want to take the tax code with all of its multiple provisions and get it on the table and take a look at it to make sure it is, in my view, flatter, fairer and simpler.

More here.

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