Get PJ Media on your Apple

The PJ Tatler

by
Stephen Kruiser

Bio

May 29, 2013 - 8:37 pm

Say it with me…math is hard.

Federal income tax breaks disproportionately benefit wealthier households, according to a report issued Wednesday that is certain to become ammunition in the budget battles as Congress debates the best ways to reduce Washington’s deficits.

The nonpartisan Congressional Budget Office found that the top 10 major tax breaks “are distributed unevenly across the income scale,” with the top 1% of households — those who make more than $450,000 a year — receiving more than 17% of the savings in 2013.

Totaling $900 billion a year, the top tax breaks include the mortgage-interest deduction, the low rate on dividends and capital gains, breaks for charitable giving and the tax-free status of employer-sponsored healthcare plans.

This is one of those things that makes sense in the zero-sum, mathematically challenged progressive mind. In their heads, the top 1% should only get 1% of the breaks because “EQUAL!” or something. If you look at the list above you will see the indignance is really about the fact that the rich have more to spend on houses, investing and charity. It’s the inane progressive nonsense about wealth being inherently evil.

In other news: pitchers receive more benefits from Tommy John surgery than any other players in baseball.

Stephen Kruiser is a professional comedian and writer who has also been a conservative political activist for over two decades. A co-founder of the first Los Angeles Tea Party, Kruiser often speaks to grassroots groups around America and has had the great honor of traveling around the world entertaining U.S. troops.

Comments are closed.

All Comments   (4)
All Comments   (4)
Sort: Newest Oldest Top Rated
From the link:

"In all, there are more than 200 individual and corporate tax "expenditures," as they are often called because they cost the government money."

You can be damn sure that you are talking to a socialist idiot, or an inside the beltway establishment Republican, when they call letting people keep their own money a government expenditure."
1 year ago
1 year ago Link To Comment
Democrats believe in a flat Earth, why not a flat tax?
1 year ago
1 year ago Link To Comment
I know it is fashionable to malign those who came before us, but perhaps there is a reason they wanted to limit the vote to those who paid taxes?
1 year ago
1 year ago Link To Comment
The best defenders of a system are those who have a stake in its maintenance. The founding fathers knew that those who have nothing to lose in society will not work diligently to support it, just as those who receive free public housing show little pride in maintaining their residence in good order and tend to let their domiciles go to ruin.
1 year ago
1 year ago Link To Comment
View All