Charts from the senate income inequity hearing

Discussion in 'Politics' started by sparky, Feb 12, 2012.

  1. sparky
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    sparky VIP Member

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  2. Norman
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    Norman Gold Member

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    What I am interested is the real tax rate rich have paid. Marginal tax rate is... marginal.

    Take top 5% or 1% and how much taxes they have paid out of their income. Do that for income tax and overall tax % as well.
     
  3. Two Thumbs
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    Two Thumbs Platinum Member

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    The crying never stops.

    I'm just amazed at how long you babies can keep this shit up.
     
  4. Truthmatters
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  5. Truthmatters
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    scary facts the right will pretend mean nothing.

    Its why they are headed for the trash heap of history
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    From your link, it appears that the Tax Code favors investment which seems to be the main "culprit" in disparities.

    Capital is best left to markets where it belongs, rather than being confiscated and redistributed based upon archaic and obtuse concepts such as "fairness".
     
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  7. Truthmatters
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    Only in your addled brain
     
  8. georgephillip
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    georgephillip Gold Member Supporting Member

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    "Since 1979, adjusted for inflation, incomes of the broad middle class (solid blue line labeled '21st to 80th percentiles') have increased about 40 'percent, which comes to a sluggish 1 percent per year. During the same period, the incomes of the richest 1 percent have increased about 280 percent, or 7 percent per year.

    "This is a pretty familiar chart by now, but one thing to note is that the incomes of the rich are pretty volatile: They drop a lot during recessions, but they also bounce back pretty quickly and regain their high growth rates as soon as the recession is over.

    "This chart only goes through 2007, but the same dynamic has been at work in the aftermath of the Great Recession: a steep drop followed by an equally steep recovery."

    Yet More Grim Inequality News from the CBO | Mother Jones
     
  9. Truthmatters
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    No democracy survives this type of inequity sustained.


    Do you want our democracy to live on?
     
  10. Mr. H.
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    Mr. H. Diamond Member

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    It's easier to condemn something you don't understand rather than seek the truth of it.
     

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