07/29/2010 04:35:11 PM EST
Cognitive dissonance
posted by Robrob
1) The uncomfortable feeling caused by holding contradictory ideas simultaneously.
2) What neo-cons live with every day.
The Politics of Stupidity Strike AgainThe simple truth is that the wealthy in the United States—the people who have made almost all the income gains in recent years—are undertaxed compared with everyone else.
Consider two reports from the Center on Budget and Policy Priorities. One, issued last month, highlighted findings from the Congressional Budget Office showing that “the gaps in after-tax income between the richest 1 percent of Americans and the middle and poorest fifths of the country more than tripled between 1979 and 2007,” the period for which figures are available.
The other, from February, used Internal Revenue Service data to show that the effective federal income tax rate for the 400 taxpayers with the very highest incomes declined by nearly half in just over a decade, even as their pre-tax incomes have grown five times larger.
The study found that the top 400 households “paid 16.6 percent of their income in federal individual income taxes in 2007, down from 30 percent in 1995.” We are talking here about truly rich people: Using 2007 dollars, it took an adjusted gross income of at least $35 million to get into the top 400 in 1992, and $139 million in 2007.
Yet the Teabaggers "feel" they are overtaxed, so therefore it must be true?