Wednesday, January 28, 2009

Rush Limbaugh Reveals the Two Faces of President Obama

Taken from Rushlimbaugh.com on January 28, 2009

President-elect Obama at George Mason University on January 8, 2009

"Only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the cycle that are (sic -- is) crippling our economy. That's why we need to act boldly and act now, to reverse these cycles. That's why we need to restart the flow of credit and restore the rules of the road that will ensure a crisis like this never happens again."

President Obama at the White House meeting with business leaders on January 28, 2009.

"
In the end! The answer to our economic troubles rests less in my hands or in the hands of our legislators than it does with
America's workers and the businesses that employ them. They are the ones whose efforts and ideas will determine our economic destiny just as they always have, for in the end it's businesses -- large and small -- that generate the jobs, provide the salaries, and serve as the foundation on which the American people's lives and dreams depend. All we can do, those of us here in Washington, is to help create a favorable climate in which workers can prosper, businesses can thrive, and our economy can grow."

Wednesday, January 7, 2009

Federal Income Tax By Income Group.

Table Taken from National Tax Payers Union.


For Tax Year 2006

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$388,806

39.89

Top 5%

$153,542

60.14

Top 10%

$108,904

70.79

Top 25%

$64,702

86.27

Top 50%

$31,987

97.01

Bottom 50%

<$31,987

2.99

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2005

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$364,657

39.38

Top 5%

$145,283

59.67

Top 10%

$103,912

70.30

Top 25%

$62,068

85.99

Top 50%

$30,881

96.93

Bottom 50%

<$30,881

3.07

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2004

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$328,049

36.89

Top 5%

$137,056

57.13

Top 10%

$99,112

68.19

Top 25%

$60,041

84.86

Top 50%

$30,122

96.70

Bottom 50%

<$30,122

3.30

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2003

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$295,495

34.27

Top 5%

$130,080

54.36

Top 10%

$94,891

65.84

Top 25%

$57,343

83.88

Top 50%

$29,019

96.54

Bottom 50%

<$29,019

3.46

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2002

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$285,424

33.71

Top 5%

$126,525

53.80

Top 10%

$92,663

65.73

Top 25%

$56,401

83.90

Top 50%

$28,654

96.50

Bottom 50%

<$28,654

3.50

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2001

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$292,913

33.89

Top 5%

$127,904

53.25

Top 10%

$92,754

64.89

Top 25%

$56,085

82.90

Top 50%

$28,528

96.03

Bottom 50%

<$28,528

3.97

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 2000

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$313,469

37.42

Top 5%

$128,336

56.47

Top 10%

$92,144

67.33

Top 25%

$55,225

84.01

Top 50%

$27,682

96.09

Bottom 50%

<$27,682

3.91

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

For Tax Year 1999

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$293,415

36.18

Top 5%

$120,846

55.45

Top 10%

$87,682

66.45

Top 25%

$52,965

83.54

Top 50%

$26,415

96.00

Bottom 50%

<$26,415

4.00

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service