Sunday, November 18, 2012 12:45 PM
I keep reading comments over and over naming Democrats as big spenders and taxers.
Individual Income--top incomes pay most but how much of income is key.
2009 Individual Income Taxes
top10%=paid 18% Tax Rate--got 43% total individual income AGI.
top 25%=paid14.68% Tax Rate--got 65.8% total individual income
top 50%=paid12.5% Tax Rate--got 86.5% of total individual income.
70,000,000 workers got 13.5%--paid 1.85%
A 35% Effective Tax on top 10% will balance our budget in 2013 fiscal year
Spenders----Reagan increased spending by 80% and Bush II by 90%
Debt--+189% under Reagan and 112% (doubled) under Bush II
Jobs--Carter + Clinton got 222,000 per month
Reagan + Two Bushes got 99,000 but added 9000B to a 1000B Debt.
Obama is projected to increase spending by 2-8%. Lowest since Great Depression
Bush left with 3520 Billion spent in 2009
Obama 2013 budget calls for 3800 but may be lower.
political historian--lifeaholics of america
author-Lifeaholic--Success by working for a life not just a living