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How much Socialism in the US is enough Socialism for left wing whackos?
http://www.taxfoundation.org/news/show/2286.html The Tax Foundation The Tax Foundation 2001 L Street, N.W. Suite 1050 Washington, D.C. 20036 202.464.6200 March 23, 2007 Who Pays America's Tax Burden, and Who Gets the Most Government Spending? by Andrew Chamberlain, Gerald Prante and Scott A. Hodge Special Report No. 151 Executive Summary While many studies answer the ques*tion of who pays taxes in America, the question of who gets the most government spending is often overlooked. Just as some Americans bear a larger portion of the nation's tax burden than others, some Americans also receive a larger share of the nation's government spending. This report summarizes the key findings of a comprehensive 2007 Tax Foundation study of federal, state and local taxes and government spending. The results show that when we consider the distribution of government spending as well as taxes, it provides a dramatically altered view of how U.S. fiscal policy affects Americans at different income levels than is apparent from the distribution of tax burdens alone. Overall, we find that America's lowest-earning one-fifth of households received roughly $8.21 in government spending for each dollar of taxes paid in 2004. Households with middle-incomes received $1.30 per tax dollar, and America's highest-earning households received $0.41. Government spending targeted at the lowest-earning 60 percent of U.S. households is larger than what they paid in federal, state and local taxes. In 2004, between $1.03 trillion and $1.53 trillion was redistributed downward from the two highest income quintiles to the three lowest income quintiles through government taxes and spending policy. These findings suggest tax distributions alone do not tell Americans how much the nation's fiscal system is helping or hurting low-income households. To answer that, we must look beyond tax burdens to government spending as well. Lawmakers who ignore the distribution of govern*ment spending risk making policy judgments based on an incorrect set of facts about the United States fiscal system |
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How much Socialism in the US is enough Socialism for left wing whackos?
On 26 Mar, 12:56, "PJ O'Donovan" wrote:
http://www.taxfoundation.org/news/show/2286.html The Tax Foundation The Tax Foundation 2001 L Street, N.W. Suite 1050 Washington, D.C. 20036 202.464.6200 March 23, 2007 Who Pays America's Tax Burden, and Who Gets the Most Government Spending? by Andrew Chamberlain, Gerald Prante and Scott A. Hodge Special Report No. 151 Executive Summary While many studies answer the ques*tion of who pays taxes in America, the question of who gets the most government spending is often overlooked. Just as some Americans bear a larger portion of the nation's tax burden than others, some Americans also receive a larger share of the nation's government spending. "From each according to his ability, to each according to his need." Or, as it says in the Good Book, "Bear ye one anothers burdens." That is how it is supposed to work in a civilised society. This report summarizes the key findings of a comprehensive 2007 Tax Foundation study of federal, state and local taxes and government spending. The results show that when we consider the distribution of government spending as well as taxes, it provides a dramatically altered view of how U.S. fiscal policy affects Americans at different income levels than is apparent from the distribution of tax burdens alone. Overall, we find that America's lowest-earning one-fifth of households received roughly $8.21 in government spending for each dollar of taxes paid in 2004. Households with middle-incomes received $1.30 per tax dollar, and America's highest-earning households received $0.41. Government spending targeted at the lowest-earning 60 percent of U.S. households is larger than what they paid in federal, state and local taxes. In 2004, between $1.03 trillion and $1.53 trillion was redistributed downward from the two highest income quintiles to the three lowest income quintiles through government taxes and spending policy. And you actually find this surprising? These findings suggest tax distributions alone do not tell Americans how much the nation's fiscal system is helping or hurting low-income households. To answer that, we must look beyond tax burdens to government spending as well. Lawmakers who ignore the distribution of govern*ment spending risk making policy judgments based on an incorrect set of facts about the United States fiscal system I'm not sure what point he is trying to make.....assuming that there is one.... And what has this to do with the news group? Or socialism, for that matter? Please bugger off.... Dr. Barry Worthington |
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How much Socialism in the US is enough Socialism for left wingwhackos?
Dr. Barry Worthington wrote: On 26 Mar, 12:56, "PJ O'Donovan" wrote: snip I'm not sure what point he is trying to make.....assuming that there is one.... And what has this to do with the news group? Or socialism, for that matter? Please bugger off.... Dr. Barry Worthington You dare to ask PJ to post something appropriate to the group in starting a thread? How naive of you. |
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