Friday, July 31, 2009

At least Maxine Waters is honest about what is going on now.

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Maybe we should check to see if the Canadians like their health care?

Tax Burden of Top 1% Now Exceeds That of Bottom 95%



Tax Burden of Top 1% Now Exceeds That of Bottom 95%

by Scott A. Hodge


Newly released data from the IRS clearly debunks the conventional Beltway rhetoric that the "rich" are not paying their fair share of taxes.

Indeed, the IRS data shows that in 2007—the most recent data available—the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act.

Remarkably, the share of the tax burden borne by the top 1 percent now exceeds the share paid by the bottom 95 percent of taxpayers combined. In 2007, the bottom 95 percent paid 39.4 percent of the income tax burden. This is down from the 58 percent of the total income tax burden they paid twenty years ago.

To put this in perspective, the top 1 percent is comprised of just 1.4 million taxpayers and they pay a larger share of the income tax burden now than the bottom 134 million taxpayers combined.

Some in Washington say the tax system is still not progressive enough. However, the recent IRS data bolsters the findings of an OECD study released last year showing that the U.S.—not France or Sweden—has the most progressive income tax system among OECD nations. We rely more heavily on the top 10 percent of taxpayers than does any nation and our poor people have the lowest tax burden of those in any nation.

We are definitely overdue for some honesty in the debate over the progressivity of the nation's tax burden before lawmakers enact any new taxes to pay for expanded health care.

Monday, July 6, 2009

Global temperatures 'have plunged .74°F since Gore released 'An Inconvenient Truth'

June 2009 saw another drop in global temps

Sunday, July 05, 2009By Marc MoranoClimate Depot

The latest global averaged satellite temperature data for June 2009 reveals yet another drop in the Earth's temperature. This latest drop in global temperatures means despite his dire warnings, the Earth has cooled .74°F since former Vice President Al Gore released "An Inconvenient Truth" in 2006.

According to the latest data courtesy of algorelied.com: "For the record, this month's Al Gore / 'An Inconvenient Truth' Index indicates that global temperatures have plunged approximately .74°F (.39°C) since 'An Inconvenient Truth' was released." (see satellite temperature chart here with key dates noted, courtesy of www.Algorelied.com - The global satellite temperature data comes from the University of Alabama in Huntsville. Also see: 8 Year Downtrend Continues in Global Temps)

Gore has not yet addressed the simple fact that global temperatures have dropped since the release of his global warming film. (Gore has also not addressed this: Another Moonwalker Defies Gore: NASA Astronaut Dr. Buzz Aldrin rejects global warming fears: 'Climate has been changing for billions of years' - Moonwalkers Defy Gore's Claim That Climate Skeptics Are Akin To Those Who Believe Moon Landing was 'Staged')

A record cool summer has descended upon many parts of the U.S. after predictions of the "year without a summer." There has been no significant global warming since 1995, no warming since 1998 and global cooling for the past few years.

In addition, New peer-reviewed scientific studies now predict a continued lack of global warming for up to three decades as natural climate factors dominate. (See: Climate Fears RIP...for 30 years!? - Global Warming could stop 'for up to 30 years! Warming 'On Hold?...'Could go into hiding for decades' study finds – Discovery.com – March 2, 2009 )

This means that today's high school kids being forced to watch Al Gore's “An Inconvenient Truth” – some of them 4 times in 4 different classes – will be nearly eligible for AARP (age 50) retirement group membership by the time warming resumes if these new studies turn out to be correct. (Editor's Note: Claims that warming will “resume” due to explosive heat in the "pipeline" have also been thoroughly debunked. See: Climatologist Dr. Roger Pielke Sr. 'There is no warming in the pipeline' )