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Friday, January 6, 2012

Dems Beef Up to "Tax the Rich"

The Democrats insist rich don't pay their fair share of taxes. Every bitter Democrat is certain of that.

So in 2011 the Obama Administration beefed up the rate of audits on the rich from 8% of returns over $1 million to 12% of returns over $1 million. Those who earned less than $200,000 faced only a 1 in 100 chance of a skin and person audit.

The IRS stated the high percentage of audits were done only to demonstrate the tax laws were applied fairly against the rich. Whew.

So now we know for sure - The IRS audited the millionaires, and made sure they paid their fair share of taxes.

Obama proved it. In 2011, the millionaires paid their fair share.

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Its a certainty the Obama Administration will play the class envy card to crank up taxes on the rich. But anybody who can accounting will know that won't be enough.

So the tax increase on the rich will have to serve as a smokescreen for the increase on taxes on everybody else. 2012 will be the year of the economy crippling tax increases if we do not find a way to stop Obama and his thugs.

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