Tax Gathering at Record Levels : But Gaps Exist - Why & Who?

Interesting in that the hated top 1% pay more then 35% of the total tax burden and the top 50% pay nearly all the taxes, seems to be lost on many that don't have access to the controls of the money making machine. But to others the system is completely understood.

That the economic conditions that exist today does not provide a good path to success for workers in the middle and lower classes that it might have in the past, is because of a top heavy mentality of government corporate cronyism providing virtually free money to government benefactors on Wall Street, and other financial entities, that proved funds for political machines as payback.

Ever wonder way Janet Yellen at the Federal Reserve continues to hold interest rates at or near zero? Who benefits the most from a zero interest rate even though they may pay the most ins taxes?

If you are invested in the market, your are probably doing well, but if you live from pay check to pay check because you have to sustain the incredible inflation of food and other commodities to support yourself and your family, life takes on a completely different view then those that control the resources.

Little wonder then, with the present attitude of the progressive socialist liberal democrat government where life is all about gaining power by supporting those that can feed the need of the progressive party in power, the gap between those that have and those that don't is getting larger.

The more taxes that are collected the more access the progressives have to sustain control by spending more to feed the subsistent classes that votes for their benefactors. Taxes are the life blood of the progressive and there are never enough.

The progressive believes in controlling the masses from the top, and the best way to do that is to limit the options that the other classes have to gain a foot hold in the American dream of self sustained prosperity.

The progressive socialist understands individual freedom to chose ones own destiny with unlimited opportunity for prosperity is a killer for their ideology and therefore is attacked at every opportunity.

America to Pay Its Tax Bill on April 24
Source: Kyle Pomerleau, "Tax Freedom Day® 2015 Is April 24th," Tax Foundation, March 30, 2015.

April 23, 2015

Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. Tax Freedom Day takes all federal, state, and local taxes and divides them by the nation's income. In 2015, Americans will pay:

• Some $3.3 trillion in federal taxes and $1.5 trillion in state and local taxes, for a total bill of more than $4.8 trillion, or 31 percent of the nation's income.
• Tax Freedom Day is one day later than last year due mainly to the country's continued steady economic growth, which is expected to boost tax revenue especially from the corporate, payroll, and individual income tax. 
• Americans will collectively spend more on taxes in 2015 than they will on food, clothing, and housing combined.
• If you include annual federal borrowing, which represents future taxes owed, Tax Freedom Day would occur 14 days later on May 8.
• Tax Freedom Day is a significant date for taxpayers and lawmakers because it represents how long Americans as a whole have to work in order to pay the nation's tax burden.

This year's Tax Freedom day comes one day later than it did last year and four days later than in 2013. Why? It is mainly to the country's continued steady economic growth. Higher wages and corporate profits are expected to boost tax revenue from the corporate, payroll, and individual income taxes.