47% of households pay no federal income tax

Is the Associated Press just realizing this fact? I wrote about this in 2008 and Rush Limbaugh has had the information on his home page forever. We really are spreading the wealth around when it comes to the federal tax burden in the United States.

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Taxing banks guaranteed to increase fees, tighten lending

President Obama and Secretary Tim “TurboTax Screwed Me” Geitner approached the White House microphone today to bitch and moan about how much bank executives are getting paid, and announced a new tax plan to stick it to big-bank. The problem … big-bank will just pass along the tax burden to you.

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