There's a massive multi-trillion dollar scandal going on nationwide that would make even Bernie Madoff blush. It's a conspiracy that involves government bureaucrats, politicians from both parties, and a big chunk of the public being left in the dark. It shatters a key liberal belief and a separate example of conservative dogma.
The scandal first was uncovered earlier this week by Terry Jeffrey at CNS News when he looked at federal revenue numbers and noted that Americans are paying more than twice the amount of federal taxes they were when President John F. Kennedy first took office in 1961. Yes, that's adjusted for inflation with a jump from $4,121 per person in current dollars 46 years ago to $10,114 in 2016.
And yes, that's per person, not per taxpaying person. We're talking more than ten grand for every one of the 323 million-plus people in the U.S.
That got me thinking about a lot of other questions, starting with: What does this mean for the tax burden for every American who actually pays federal taxes?
That's where it gets worse. In 1961 about 49 million Americans paid federal taxes. In current inflation-adjusted dollars, they paid $15,477 per taxpayer in federal taxes.
Ninety-three million Americans paid federal taxes in 2016, broadening that tax base by almost 100 percent since JFK. But the federal tax burden per taxpayer jumped to $35,053.
And now it's time to look at the political bigger picture.
There are many reasons why this is a scandal, starting with the fact that despite this tax burden reality politicians often boast about how tax rates are much lower than they were in 1961. And the next part of the scandal is the federal debt is still growing at $20 trillion and counting.
More:
http://www.cnbc.com/2017/06/02/a-tax-scandal-every-american-should-be-outraged-over-commentary.html
