What Every American Needs to Know - US moves quietly toward a flat tax

By David R. Francis Columnist

Without much public debate or even awareness, the United States is heading toward a flat tax.
That means the middle class will pour nearly as large a share of its income into tax coffers as millionaires and billionaires do. Throw in another tax cut along the lines of the two successfully supported by President Bush, and the middle class could actually pay a little more.

In summary, the plan proposed will take affect in 2010. Following are the anticipated tax savings by income range.

Top 1% Earners $1,028,000+ in annual earnings = -8.4% Tax Reduction
Next 4% Earners $ 204,000 in annual earnings = -5.4% Tax Reduction
Next 15% Earners $ 96,200 in annual earnings = -2.1% Tax Reduction
Second Quintile $ 56,100 in annual earnings = -.9% Tax Reduction
Third Quintile $ 34,200 in annual earnings = -.6% Tax Reduction
Fourth Quintile $ 20,700 in annual earnings = -.7% Tax Reduction
Lowest Quintile $ 9,400 in annual earnings = -.3% Tax Reduction

Why are they being so quiet about it? Because they don’t want the public to get up-in-arms about it until it is too late to stop it.

Help us stop this bad idea today – Become a United Citizen of America by donating here. It is time to join forces as Citizens.

"Where the people fear the government you have tyranny; where the government fears the people you have liberty." - Thomas Jefferson

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