real story on taxes

Discussion in 'Politics' started by mnbasketball, Mar 14, 2011.

  1. mnbasketball
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    mnbasketball Member

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    http://www.itepnet.org/whopays3.pdf


    Nationwide, effective state and local tax rates on non-elderly families1 follow a strikingly
    regressive pattern:
    The average state and local tax rate on the best-off one percent of families is 6.4 percent
    before accounting for the tax savings from federal itemized deductions for state and local
    taxes. After accounting for this tax savings — an effect commonly referred to as the “federal
    offset” — the effective tax rate on the top one percent is a mere 5.2 percent.
    The average tax rate on families in the middle 20 percent of the income spectrum is 9.7
    percent before the federal offset and 9.4 percent after — almost twice the effective rate that
    the richest people pay.
    The average tax rate on the poorest 20 percent of families is the highest of all. At 10.9
    percent, it is more than double the effective rate on the very wealthy. This group generally
    derives no benefit from the federal offset.


    All taxes as a % of income after normal deductions allowed to all tax payers, the poor (bottom 80%) pay a bigger share of all taxes as % of taxable income.
     
  2. Jarhead
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    Jarhead Gold Member

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    Wow. Talk about taking data and spinning it for an agenda.
    Do you understand what they are referring to?
    If you did, you would not have posted these "findings".
     
  3. mnbasketball
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    mnbasketball Member

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    Most Americans are using the system in place to do one thing, raise a family and survive.

    So why shouldn't the people who use the system to Garner wealth as their desire be paying most of the cost of running this country? Most of the things we pay for in this country is to make sure we have working system to provide trained people with a way to get to work and a supply system to sell goods. In all this system is a survival for 65% of the people, a good system for 25% of the people and a giant win fall to the top 10%.
     
  4. kaz
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    kaz Diamond Member

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    My favorite liberal posts are the ones that start with "reality" in them. You know some funky shit's coming. It's a hoot. Keep up the good work, my man.
     
  5. Jarhead
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    Jarhead Gold Member

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    The "system" as you put it is designed for a lot more that what you say.

    It is designed so the "top" 10% invest in ideas that create jobs for the other 90%..it is designed so that the top 10% invest in projects such as community development projects that are used by the lower 20%...

    You need to stop looking at the evils of the "system" and think about where things would be if our "system" were designed differently.
     
  6. mnbasketball
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    mnbasketball Member

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    Wow. Talk about taking data and spinning it for an agenda.
    Do you understand what they are referring to?
    If you did, you would not have posted these "findings".

    No I don't understand, why don't you spin it for us?
    What I see is that most people who are in the bottom 60% pay more taxes as a % of their income in taxes than the rich do. But you guys just want to look at fed taxes not including SS taxes as why you pay so much. But the truth is the country is run more on the back of the bottom 80% in all taxes collected.
     
  7. kaz
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    kaz Diamond Member

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    I thought social security was a prudent investment in US Treasuries that funded their retirement accounts. So you're saying social security is actually a tax? Doesn't that make their social security checks welfare then?
     
  8. Jarhead
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    Jarhead Gold Member

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    Then you dont understand it.

    What that article is saying...without the spin....
    The more wealthy are able to take action that creates tax credits and deductions....such actions include things such as investing in lower developed communities for tax credits....donating money to philinthropic organizations for write offs..

    In essence...that article is taking out of the formula the "non taxable" income that is ALSO not spendable income by the wealthy...but instead spent to better the community....

    Include that money and it would be a completely reverse situation.

    So tell me....you prefer the wealthy NOT use the money for charities and for lower developed communities and instead have them give it to Harry Reid to spend on turtle paths?

    Afterall...that would make it seem that the wealthy are getting hit harder..

    DO yourself a favor and try to understand data before posting it.
     
  9. Jarhead
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    Jarhead Gold Member

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    You see Mnbasketball....it is articles like those that should anger you. They assume you are not going to try to interpret what is being said and instead you will read it in the light they want you to....assuming it will anger you and then you will side with them...for their agenda....

    In other words...they see you as a blind naive fool and they try to capitalize on it.

    And as we just saw...they are correct.
     
  10. kaz
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    kaz Diamond Member

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    In fairness it wasn't a hard call on their part
     

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