Monday, July 25, 2011

Among the Tax-takers

"I worked for the IRS and survived.  I learned about taxpayers, but the really interesting part of it was learning about tax-takers.

We generally knew that 47 percent of our population pays no income taxes whatsoever.  However, we didn't know, and I suspect that very few of you know, how much of your tax money is actually given to non-taxpayers -- in a lump sum, to do with as they please.

Like most anti-poverty programs, the Earned Income Tax Credit when enacted in 1975 was supposed to be temporary.  It was visualized as a tool to lift the working poor out of poverty.  It was quickly made permanent and has been modified numerous times over the ensuing 36 years.  In 2004, 20 million families received $36 billion.  The flower children assume that was $36 billion spent on food, shelter, and health care.  We who live in the real world know it was spent on big-screen television sets, 22-inch chrome wheels, and colorful tattoos."
[American Thinker]  

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