From: Travis
Subject: CaglePost: Spreading The Wealth Around
Date: Tuesday, October 21, 2008,

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We have a great collection of cartoons called "Joe The Plumber"
LOOK!<http://cagle.com/news/JoeThePlumber>
*Spreading The Wealth
Around*<http://www.caglepost.com/column/Linda+Chavez/8213/Spreading+The+Wealth+Around.html>
by Linda Chavez <http://www.caglepost.com/c/21/Linda+Chavez.html> - Comment
on the 
column<http://www.caglepost.com/column/Linda+Chavez/8213/Spreading+The+Wealth+Around.html>

"When you spread the wealth around, it's good for everybody," Barack Obama
explained to Joe Wurzelbacher in Ohio earlier this week. But Joe the
Plumber, as he has become known thanks to Wednesday night's presidential
debate where his name was invoked no fewer than a half dozen times by both
candidates, isn't buying it. And Wurzelbacher is right to be skeptical.
In an interview with CBS' Katie Couric after the debate, Wurzelbacher said
he was worried that Obama would be the one deciding who was wealthy and,
therefore, should be taxed more. Obama says only those earning more than
$250,000 will see their taxes go up. But Wurzelbacher worries, "When's he
going to decide that $100,000 is too much, you know? I mean, you're on a
slippery slope here."
Wurzelbacher's fears are well founded. Obama was unable to name a single
significant program that he would scale back when asked by debate moderate
Bob Schieffer to do so. Obama will have to come up with the money to pay for
some trillion dollars in new spending in his first term - including what he
calls a "tax cut" but which will really be a check from those who do pay
taxes to low-income Americans who already don't pay any federal income
taxes.
The wealthy already pay a hugely disproportionate share of all federal
income taxes. According to an analysis by the non-partisan Tax Foundation
using the latest IRS figures (for 2006), taxpayers with an adjusted gross
income (AGI) of $153,542 and above made up the nation's top 5 percent of
earners. But this top 5 percent paid nearly 60 percent of all the income
taxes collected in 2006, while earning about 37 percent of AGI. For all the
talk of middle-income earners paying most of the taxes, the facts suggest
otherwise. Those in the 26-50 percentiles of AGI pay about 11 percent of
taxes ... *READ
MORE<http://www.caglepost.com/column/Linda+Chavez/8213/Spreading+The+Wealth+Around.html>
*

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