edthecynic
Censored for Cynicism
- Oct 20, 2008
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The people who pay 40% of the taxes do not earn 20% if the income, they earn 20% of the WAGES. The GOP counts on the ignorance of its sheep in not knowing that wages are not the only type of "income."The Politics Of Envy at work. The trick will be to convince the people of the United States that the people who earn twenty per cent of the income, but pay 40 per cent of the taxes, are not paying their fair share.
We already know he has the lady who was screaming "He's going to pay for my groceries!!!!" at the top of her lungs in 2008 convinced.
August 7, 2007
CALLER: And, you know, and the way our tax system works, we have an overly complex system, which in and of itself is a problem, but the way our tax system works and the way the tax laws are written, it's based on a few kind of like hinge numbers like adjusted gross income and taxable income, and while the soak the rich -- or however you choose to describe it -- really doesn't come down that way. It really comes down to much lower income levels.
RUSH: It does, exactly, and here's the dirty little secret if you ever to pull it off. It's hard. This is why most people don't understand the tax-the-rich business. You've got to structure your life so you have no "earned" income. I'm out of time. I'll explain that. There's a category called earned income versus other kinds of income. Earned income is what the income tax rate is on. That's how "the rich" do it. They don't have "earned" income.
END TRANSCRIPT
The Truth About Taxes
August 6, 2007
RUSH: I've told you before: the income tax is designed to keep people like his [Buffett's] secretary from becoming wealthy! There is no "wealth" tax. So this is a big misnomer. ...
But there's no tax on wealth. There is a tax on income, and the tax on income is designed to keep everybody who is not wealthy from getting there.
I'm talking about genuine wealth, not the way Democrats define "rich."