Tax the Rich, Seriously?

Translation of above image:
The Top 1% of wage earners (those earning over $380,354) pay 38% of all individual Federal Taxes.
The Top 5% of wage earners (those earning over $159,619) pay 59% of all individual Federal Taxes.
The Bottom 50% of wage earners (those earning under $33,048) pay only 3% of all individual Federal Taxes.

For historical perspective, back in 1986, the top 1% of earners reported 11% of all income and paid 26% of the income taxes; the lower-earning 50% made 17% of the income and paid 6% of the nation’s individual income tax bill.

Thanks to Kiplingers for the info.

Taxes, Taxes, Taxes–Taxes For All

Congratulations! We just passed April 9th! I’m sure you know what April 9th is, right?  If not, let me tell you:

Taxes amount to 27% of our income for the average American. January 1st to April 9th represents 27% of the year. So starting April 10th, the money you earn is the money you actually get to keep. That’s right, 99 days out of 365 days go to Uncle Sam. And just in time for April 15th—Tax Day!

What Will Nationalized Health Care Look Like?

Some of you might not realize that Massachusetts already has mandated health care.  So how is it going in Massachusetts?

Jeff Emanuel at The New Ledger has some insight:

“Far from reducing the cost of health insurance, Massachusetts’s individual mandate has driven costs up at twice the average national rate. This was entirely predictable; after all, what can possibly reduce downward pressure on a price more effectively than a legal requirement to purchase it, whatever the cost? According to the Connector, the least expensive price for an insurance policy for a 50 year old non-smoker in 2008 was $3,599 a year ($299.94 per month), with a $2,000 deductible. Next door in Connecticut, that price was just $1,468 a year ($122.36 per month, with a $2,500 deductible) – and Connecticut hadn’t even spent $1.3 billion on controlling and engineering their state’s health care marketplace!”

So this is what we have to look forward to it nationalized health care passes.  I can’t wait.

via: Ben Domenech at The New Ledger

Professor Phil Jones Not Sure About Global Warming

The BBC recently had an interview with Profess Phil Jones. He’s the director of the Climate Research Unit at the University of East Anglia and at the center of ClimateGate. He said three noteworthy things:

1) There has been no statistically significant global warming since 1995.

2) There was no statistical difference in global warming for the periods 1860-1880, 1910-1940, 1975-1998.

3) From January 2002 to the present, the temperature cooled.

This is all over the news, too. And because of this info and the recent ClimateGate, states are filing suits against federal government regulations on greenhouse emissions. See and

FURTHER, in 1974 Time did an article on Global Cooling. That was the fad back then. Everyone was freaked out about another ice age. So which is it? Global Warming or Global Cooling?,9171,944914-1,00.html

BBC Link