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America’s Entitled

While the percentage of people paying Federal income taxes keeps dropping, the number of Americans getting checks from those that do pay keeps growing. This is a dire situation and appears to be getting rapidly worse.
The Wednesday WSJ estimated that about 45% of filers for 2010 will owe no Federal income tax and many of those will collect earned income tax credits for a negative income tax rate.
The president’s preference for taxing fewer and fewer citizens while exempting more and more from shouldering any of the burden will continue to destroy the basic fabric of our society.

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