Welfare Capitalism = Patriotism?

September 18, 2008 · Filed Under Economy, Joe Biden, News 

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Joe Biden explained the rationale for Americans earning $250,000 or more per year having to pay even more in taxes under the Barack Obama economic plan.

As it stands right now, a married couple filing jointly with a combined salary up to $65,000 per year pays in the 15% tax bracket.

Meanwhile, a married couple filing jointly with a combined salary of $200,000 per year pay in the 33% tax bracket.

So essentially, they second couple already pays 33 cents on each dollar in federal tax, compared with 15 cents for the first couple.

It sort of makes you think they’re trying to discourage us from success, since the IRS asserts such a success penalty.

Anyhow, Barack Obama and Joe Biden don’t think the numbers are imbalanced enough as they are, so they want to slash taxes for the first couple and further increase them for the second one.

Today Biden stated, “It’s time to be patriotic … time to jump in, time to be part of the deal, time to help get America out of the rut,” according to the Associated Press.

So, if it is patriotic to have a further redistribution of wealth, also known as welfare capitalism, does Joe Biden think the inverse… paying less taxes for some Americans means they are unpatriotic?