Tipping point ?

As far back as July, 2008 we warned that under Obama: “Tax Payers Will Become a  Dwindling Majority”

To be fair, as the original post outlines, much of the credit (blame?) goes to Bush and the unintended consequences of his tax cuts.   They started the momentum.  Obama just pushed down on the accelerator.

Well, as predicted, we’re approaching the tipping point.

According to the Heritage Foundation, only half of U.S. citizens pay federal income tax, according to the latest available figures.

In 2009, just 50.5 per cent of Americans paid any income tax to the federal government – the lowest proportion in at least half a century

We warned you …


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