NOT THAT IT IS PHYSICALLY POSSIBLE TO CUT THEM FOR "MOST OF US":

The Shameless Republican Race to Cut Rich People's Taxes (James Kwak, Nov 1 2011, The Atlantic)

Republican presidential candidates are falling over themselves promising to cut your taxes. Well, probably not your taxes. Somebody else's taxes. Somebody rich.

First there was Herman Cain's 9-9-9 plan, which would replace all of our current taxes with a 9 percent national sales tax, a 9 percent "business tax" and a 9 percent tax on income. Now Rick Perry says that his 20 percent "flat tax" is even better. Meanwhile, Michele Bachmann says Perry stole her idea. But let's be clear: These are massive tax cuts for the rich, not for most of us.

51% of Americans Pay No Federal Income Taxes (Derek Thompson, May 4 2011, The Atlantic)

Half of American tax payers owe no federal income tax, and most of those filers actually net tax benefits from federal income taxes, according to analysis from the Joint Committee on Taxation in a letter to the Republicans on the Senate Finance Committee.

Tax payers getting the tax cuts, what'll we think of next?

Posted by oj at November 3, 2011 6:04 AM
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