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What free goodies?
If you ask me, the system takes care of the poor, as it should, and it certainly benefits the rich, so who's getting fucked?
The middle class!!!!! We're paying all the taxes. The rich have loopholes and write offs and they get their taxes back. Hell, they probably make money on the scam.
According to data published by the CBO, the wealthiest 20% pay 68% of all taxes. They also earn 55% of all income.
The figures are skewed a bit because CBO calculates corporate taxes as being completely paid by the owners, who tend to be the wealthiest. Many argue that corporate taxes are in whole or part paid by consumers, which would shift the tax burden on the lower classes. But still, because corporate taxes are only 10-15% of all tax revenue, the upper 20% are paying most the taxes.
http://www.cbo.gov/ftpdocs/88xx/doc8885/Appendix_wtoc.pdf Table 1B
What about loopholes you don't even know about? Companies like Lehman Brothers got paid a lot of money to help rich people dodge paying taxes. There might be things you don't know that throw off those percentages.
Albert Einstein
[on filing for tax returns] This is too difficult for a mathematician. It takes a philosopher.
Albert Einstein
The hardest thing in the world to understand is the income tax.
"We don't pay taxes. Only the little people pay taxes ..." Leona Helmsley
Do you think she was kidding or maybe does she know something you don't?
Wall Street's biggest banks cooked up elaborate "derivatives gimmicks" over the past decade to help their best foreign clients dodge the tax man, U.S. Senate investigators allege, the Wall Street Journal reports this morning. The racket cost the country $100 billion a year in unpaid taxes, the Senate Permanent Subcommittee on Investigations charges. The yearlong investigation, the newspaper says, "concludes that Wall Street firms actively competed with one another in dreaming up complex transactions that allowed hedge funds to avoid withholding taxes imposed on dividends paid by U.S. companies." The Financial Times says the biggest banks on the Street have been named in the tax-dodge probe, including Lehman Brothers, Morgan Stanley, Citigroup, Deutsche Bank, UBS, and Merrill Lynch. They will testify today, along with a variety of hedge funds, the newspaper adds.
And isn't it odd that these are the companies that we are bailing out?
Are we all insane to not get that something stinks???