45% Of Americans Don’t Owe U.S. Federal Taxes

Apr 18, 2011 by James

With the budget deficit on the rise and the possibility of the Bush era tax cuts ending it seems every middle class American is blaming Obama and they apparently don’t know why. When politicians tell you to be outraged that Obama wants to raise your taxes he or she isn’t talking to you but they’re talking to themselves. Their tax brackets, the wealthy, will be the only ones to increase noticibly by the ending of the Bush era tax cuts while the majority of Americans won’t even notice. Whats even funnier is those who are complaining about Obama raising “their” taxes likely won’t even pay a dime in Federal income tax for the 2010 tax year. Thats right 63 million Americans who make less than $50,000 a year won’t have to pay any Federal income taxes. Some who fall into that group will even be paid money by the Federal government. CNN Money does a far better job at explaining this fraud than I ever can so I’ll provide the link to the article below but I just needed to get this out.