The Horror of Double Taxation

You have to admire the compassionate conservatism of the only president we presently have. George W has looked around the country, surveyed the growing economic woes of our people, and reached this compassionate conclusion: The rich are hurting.

Feeling their pain, George has responded with a $400 billion tax giveback for these privileged ones -- eliminating the taxes that they pay on their stock profits. But this is not merely a matter of compassion, says George, it's a matter of: Justice.

The assertion by Bush is that taxing the stock dividends of big investors is nothing less than the horror of: "Double Taxation." After all, claim the Bushites, corporations already pay taxes on these profits, so the 10 percent of Americans who own 90 percent of all corporate stock shouldn't pay again when the profits are distributed to them. George, who likes things simple, says simply, "It's not fair to tax something twice."

Yoo hoo... George... we know you've never worked for a living, but have none of your hot-shot corporate economists mentioned to you that working people have their incomes taxed not just twice, but multiple times? Check it out: Our monthly wages are hit for federal and state income taxes, social security tax, unemployement and medicare taxes -- then these same wages are slapped with ever-rising sales taxes, gasoline tax, property taxes, highway and subway tolls, numerous fees... and, if we buy a six pack to try forgetting taxes, we're hit with the liquor tax.

If Bush really gave a damn about fairness, he wouldn't be singling out a handful of rich elites for more favortism, he would focus instead on restoring some progressive balance to a skewed tax system that grossly favors the rich and global corporations at the expense of America's wage-earning majority. To get the truth about who's paying what and about how Bush's policies are ripping off the middle class, call Citizens for Tax Justice: 202-626-3780.


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