Shrink the Rich; Not Government

[SwordofDamocles]

Buffet pays a lower rate, does he still pay more taxes than his secretary? Genius.

Yes, of course he does, by several orders of magnitude. However, the greedy envious are pissed because he refuses to give any of his stuff to them. They want the government to take it away from him and redistribute it.

Now tell us why Buffett and his ilk should not pay at least the same percentage of their income in taxes as their secretaries?

Hint: It has absolutely nothing to do with the percentage of total taxes that ARE being collected.

It has everything to do with taxes owed that are NOT being collected.

Fuck you dickwad. The rich pay more in one week than your toilet-cleaning ass does in one year. Fuck your %'s, the without the rich, your dick-sucking ass doesn't even own a computer...

 

[AVG-JOE]

The top 10% of wage earners pay 70% of the taxes.

If that statistic is true you have 3 and only 3 options.

1. Leave things just the way they are.

2. Lower the taxes of the 10% who are overburdened.*

3. Increase the number of people who can afford to pay taxes by educating them on how to earn a living.​

* This is the easiest option for countries that have a little cash in the bank, but 21st Century America will find this one kind of tricky with the military and medicare obligations pushed through last decade.

I'm sure there are other options. I was just pointing out the idiocy of George's constant harping on the percentage meme.

I await with baited breath.

 

[Quantum Windbag]

What do you call 10,000 people "earning" 30% of total US income yet paying taxes at about half the rate as their secretaries and bodyguards?

And many of these richest 10,000 Americans attended private schools.

Personally I call it bullshit. The simple numbers tell me that the richest 5% of Americans pay over 60% of the taxes this country collects. You whining about imaginary numbers form a class war blog is a bit like the Democrats knocking Wall Street and writing laws that favor them, and bailing them out when they are in trouble. It actually makes me think you are being paid by the richest 25 to make false claims so they can get a better deal in Congress next year.

If you want anyone with a brain to take you seriously you need to deal with the facts.

- PD GRAPHICS: Interactive graphics, charts and more - cleveland.com

If you prefer to take the rdean route and blather fake numbers at everyone you are certainly free to do so, but the only people you will find that agree with you are the other idiots, and everyone else will just poke at you occasionally because they enjoy watching you repeat the same thing over and over.

Your simple numbers tell you 5% of all Americans pay over 60% of all taxes collected in America.

They say nothing about taxes that are going uncollected.

For example, Warren Buffet famously pays taxes at a rate that's half what his secretary pays.

Which means half of Warren's tax liability is going uncollected every year. This means others have to pay Warren's share OR government has to cut services.

Really?

Show me his tax returns and his secretary's, who probably makes enough every year to be in the same tax bracket he is, or admit all you are doing is pulling statistics out of thin air.

 

[AVG-JOE]

Are you admitting to being a bird brain?

 

[daveman]

If that statistic is true you have 3 and only 3 options.

1. Leave things just the way they are.

2. Lower the taxes of the 10% who are overburdened.*

3. Increase the number of people who can afford to pay taxes by educating them on how to earn a living.​

* This is the easiest option for countries that have a little cash in the bank, but 21st Century America will find this one kind of tricky with the military and medicare obligations pushed through last decade.

I'm sure there are other options. I was just pointing out the idiocy of George's constant harping on the percentage meme.

I await with baited breath.

I don't claim to be an expert in economics...or much of anything.

But I do know that when someone says, "...you have 3 and only 3 options...", he's usually wrong.

 

[Lasher]

Shrink the Rich; Not Government

Have you ever considered learning a marketable skill?

Have you ever considered that the Parasitism 101 that you leaned in the government owned and operated school is non productive.

.

What do you call 10,000 people "earning" 30% of total US income yet paying taxes at about half the rate as their secretaries and bodyguards?

And many of these richest 10,000 Americans attended private schools.

You are wrong on those figures and you know it. I call those 10,000 people imaginative, hard-working, industrious, intelligent people whom we should thank for providing jobs for the less intelligent, etc. among us.

What in the world is wrong with attending a private school? Must we all send our children to those cess-pools of violence and ignorance called public schools?

 

[Lasher]

Oh boo-hoo-hoo, the rich don't own everything yet!

Poor them.

They need still more and more and more to make up for their complete lack of humanity.

Are you implying that you wouldn't love to be in their positions, and try to amass all the wealth they have if you only had their drive and ambition?

 

[AVG-JOE]

Yes, of course he does, by several orders of magnitude. However, the greedy envious are pissed because he refuses to give any of his stuff to them. They want the government to take it away from him and redistribute it.

Now tell us why Buffett and his ilk should not pay at least the same percentage of their income in taxes as their secretaries?

Hint: It has absolutely nothing to do with the percentage of total taxes that ARE being collected.

It has everything to do with taxes owed that are NOT being collected.

Fuck you dickwad. The rich pay more in one week than your toilet-cleaning ass does in one year. Fuck your %'s, the without the rich, your dick-sucking ass doesn't even own a computer...

Dude, you either ARE a super-wealthy person or you KNOW super-wealthy people or you have a loyalty to super-wealthy people that borders on creepy.

With 2 out of 3 odds I have to ask..... Can I borrow $300,000 to start a farm?

I'm get nothing from the bank except questions about what I'm gonna grow that I'm just not comfortable answering.

 

[Lasher]

Oh boo-hoo-hoo, the rich don't own everything yet!

Poor them.

They need still more and more and more to make up for their complete lack of humanity.

So being rich automatically makes them incapable of humanity? Interesting. I had not realized how stupid you are. Get over your petty jealousy of other people's success and make your own.

You are a girl after my own heart, Cal.

 

[Lasher]

Have you ever considered learning a marketable skill?

Have you ever considered that the Parasitism 101 that you leaned in the government owned and operated school is non productive.

.

What do you call 10,000 people "earning" 30% of total US income yet paying taxes at about half the rate as their secretaries and bodyguards?

And many of these richest 10,000 Americans attended private schools.

How pathetic are people who are miserable and jealous of those who are successful? I never quite did understand it.

Too bad s0n......progressive economics got a bold kick to the balls last month. The Keynes model has never worked in the history of the world..........

Sorta like liberals, huh?

 

[AVG-JOE]

I'm sure there are other options. I was just pointing out the idiocy of George's constant harping on the percentage meme.

I await with baited breath.

I don't claim to be an expert in economics...or much of anything.

But I do know that when someone says, "...you have 3 and only 3 options...", he's usually wrong.

If you can think of another option I'll kiss your ass on the 50 yard line of any game you buy the tickets for.

You can even phone a friend for help.

 

[Lasher]

What do you call 10,000 people "earning" 30% of total US income yet paying taxes at about half the rate as their secretaries and bodyguards?

And many of these richest 10,000 Americans attended private schools.

I feel your pain.

Why don't you move to the socialist paradise known as Cuba.

There are no millionaires, well maybe the Communist Party Commissars, but I'm certain that you agree that they deserve it.

Esther La Vista, dude.

.

Who the hell is Esther? Is she hot?

Does an ex-drill sergeant make a poor therapist?

 

[Lasher]

I think I'm done with trying to live my life the way I have.I will try to change starting right after Jan 1 2011.

I will do enough to piss off my employer so the next time they let someone go it will be me.Then I will file for unemployment benefits....Hey by the time I start collecting the Dems will have gotten a bill passed in the middle of the night to get me benefits for 1000 weeks.

Then I will stiff my creditors out of all the debt I built up,stop paying my rent.Hell I won't get kicked out I will just write my Democrat Congressman and he will work it out so I can live there for free.

Hey why should I bother being the responsible one here....my fellow members here will look out for me and will put the pressure on those filthy rich bastards who have too much as it is and they should give it back to government....What do you say how bout these guys get taxed around 90% of their wealth.

Well I've gotta get busy on my plan the New year will be here soon.Ah I'm starting to feel good about things.Why should I bother when the government is there to take care of me and we have the rich to steal from...

Hell I could even give up my citizenship,go to Mexico and cross back into the US...Get into California.Get free health care,get a free college education thanks to the Liberals who have run that State into the ground.

2011 is looking to be the best year of my life....nice.

You'll make more money in the long run and probably get laid more often if you write your congressman and ask nicely for laws that make it easier to start your own business.

One other thing. It wasn't the Liberals who ran California into the ground, it was the Republicans and the Democrats.

Get your history straight before you blithely go tossing labels around. http://www.usmessageboard.com/educa...th-conservatism-america-was-born-liberal.html

Yeah right, and there is a Tooth Fairy, Easter Bunny, Santa Claus, and an honest liberal.

 

[Lasher]

Oh boo-hoo-hoo, the rich don't own everything yet!

Poor them.

They need still more and more and more to make up for their complete lack of humanity.

But government is well on their way toward confiscation through lawful theft aren't they?

Based on the current funneling of resources from the middle class to the wealthy via a complicated and unfair tax code, I'd say the results of the last 30 years bear witness to your statement being absolutely correct 100%

Glad to have you on board with liberal thinkin' there T.

You !

"Liberal thinking" is an oxymoron.

 

[Lasher]

What do you call 10,000 people "earning" 30% of total US income yet paying taxes at about half the rate as their secretaries and bodyguards?

And many of these richest 10,000 Americans attended private schools.

I call them Americans.

I attended private school.

Do you "earn" $50 million/year?
Do you have assets of $350 million?
Have your assets and income increased by 550% since 1978?
Do you pay taxes at a 16% or a 32% rate?

Is it clear to you how in a "republic" where money equals "free" speech the 0.01% of the population who earn $50M/year would control the political process?

Are you arguing for a further concentration of wealth and power in the hands of a few?

Is that your definition of "American?"
Phil's Stock World

Do you let them do your voting?

 

[AVG-JOE]

I feel your pain.

Why don't you move to the socialist paradise known as Cuba.

There are no millionaires, well maybe the Communist Party Commissars, but I'm certain that you agree that they deserve it.

Esther La Vista, dude.

.

Who the hell is Esther? Is she hot?

Does an ex-drill sergeant make a poor therapist?

Maybe not......

Perhaps if he was an EX drill sergeant because of a closet he'd recently exited from.

 

[Lasher]

But government is well on their way toward confiscation through lawful theft aren't they?

Based on the current funneling of resources from the middle class to the wealthy via a complicated and unfair tax code, I'd say the results of the last 30 years bear witness to your statement being absolutely correct 100%

Glad to have you on board with liberal thinkin' there T.

You !

Are you aware of the fact that the 16th Amendment was sold to the populace as a soak the rich scam - where 95% of Americans were exempt?!?!?!?!?

Do you agree with the scheme?!?!?!?

.

I would not doubt at all that most people, even in those days, hate the hand that feeds them. It is always advantageous, in a "democracy," to pander to the "have-not" majority, to play on their jealousy of the wealthy, their envy of others' possessions, their repulsion of their own lack of ambition, etc., but deep in most of their hearts, they realize that they are reaping exactly what they have sown in life, and that is why the socialists, the collectivists, the communists, etc. have such a hard time winning most of them over to their ungodly ideas. Those of us who really think about freedom realize that collectivism is a losing proposition.

 

[Lasher]

Oh boo-hoo-hoo, the rich don't own everything yet!

Poor them.

They need still more and more and more to make up for their complete lack of humanity.

But government is well on their way toward confiscation through lawful theft aren't they?

Based on the current funneling of resources from the middle class to the wealthy via a complicated and unfair tax code, I'd say the results of the last 30 years bear witness to your statement being absolutely correct 100%

Glad to have you on board with liberal thinkin' there T.

You !

Only The Rich Pay Taxes
Top 50% of Wage Earners Pay 96.03% of Income Taxes

October 10, 2003

There is new data for 2001. The share of total income taxes paid by the top 1% fell to 33.89% from 37.42% in 2000. This is mainly because their income share (not just wages) fell from 20.81% to 17.53%. However, their average tax rate actually rose slightly from 27.45% to 27.50%.




*Data covers calendar year 2001, not fiscal year 2001 - and includes all income, not just wages, excluding Social Security


This proves that it was not the tax cut that caused revenues from the rich to fall, but the recession and the stock market crash. In other words, you live by the sword, you die by the sword. If you are going to benefit from the rich paying more taxes, due to progressivity, on the upside, you are going to lose more revenue from these people on the downside. This is a good argument for reducing progressivity.

Think of it this way: less than four dollars out of every $100 paid in income taxes in the United States is paid by someone in the bottom 50% of wage earners. Are the top half millionaires? Noooo, more like "thousandaires." The top 50% were those individuals or couples filing jointly who earned $26,000 and up in 1999. (The top 1% earned $293,000-plus.) Americans who want to are continuing to improve their lives - and those who don't want to, aren't. Here are the wage earners in each category and the percentages they pay:

Top 5% pay 53.25% of all income taxes (Down from 2000 figure: 56.47%). The top 10% pay 64.89% (Down from 2000 figure: 67.33%). The top 25% pay 82.9% (Down from 2000 figure: 84.01%). The top 50% pay 96.03% (Down from 2000 figure: 96.09%). The bottom 50%? They pay a paltry 3.97% of all income taxes. The top 1% is paying more than ten times the federal income taxes than the bottom 50%! And who earns what? The top 1% earns 17.53 (2000: 20.81%) of all income. The top 5% earns 31.99 (2000: 35.30%). The top 10% earns 43.11% (2000: 46.01%); the top 25% earns 65.23% (2000: 67.15%), and the top 50% earns 86.19% (2000: 87.01%) of all the income.

The Rich Earned Their Dough, They Didn't Inherit It (Except Ted Kennedy)


The bottom 50% is paying a tiny bit of the taxes, so you can't give them much of a tax cut by definition. Yet these are the people to whom the Democrats claim to want to give tax cuts. Remember this the next time you hear the "tax cuts for the rich" business. Understand that the so-called rich are about the only ones paying taxes anymore.

I had a conversation with a woman who identified herself as Misty on Wednesday. She claimed to be an accountant, yet she seemed unaware of the Alternative Minimum Tax, which now ensures that everyone pays some taxes. AP reports that the AMT, "designed in 1969 to ensure 155 wealthy people paid some tax," will hit "about 2.6 million of us this year and 36 million by 2010." That's because the tax isn't indexed for inflation! If your salary today would've made you mega-rich in '69, that's how you're taxed.

Misty tried the old line that all wealth is inherited. Not true. John Weicher, as a senior fellow at the Hudson Institute and a visiting scholar at the Federal Reserve Bank, wrote in his February 13, 1997 Washington Post Op-Ed, "Most of the rich have earned their wealth... Looking at the Fortune 400, quite a few even of the very richest people came from a standing start, while others inherited a small business and turned it into a giant corporation." What's happening here is not that "the rich are getting richer and the poor are getting poorer." The numbers prove it.

I have made an executive decision as the owner and ultimate editor of this website that this table and these numbers stay on this website forever - or until next year's numbers come out. In order to get these facts, you have to see them each and every day. This story, along with a link to the IRS chart, will stay somewhere on the RushLimbaugh.com homepage so everyone can see and find these numbers at any time. It's crucial that people get this, so please, share it with a friend now!

Check Out the UPDATED IRS Table of Numbers from 2001...

(Rush Limbaugh.com Non-EXCEL version of the 2000 IRS Data)

Read the Article...

(AP: Obscure minimum tax will affect 36 million by 2010)





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[Lasher]

Oh boo-hoo-hoo, the rich don't own everything yet!

Poor them.

They need still more and more and more to make up for their complete lack of humanity.

But government is well on their way toward confiscation through lawful theft aren't they?

Would you call it "lawful theft" when Republicans AND Democrats write tax policy that allows someone earning a billion dollars per year to pay taxes at 15% while working and middle class taxpayers pay a rate of twice as much?

I would, indeed, say that is a generous percentage for the rich to pay.

15% of $1,000,000,000 = $1,500,000
30% of $50,000 = $15,000
___________
$1,485,000 more paid by the "rich" man.

 

[Lasher]

Who the hell is Esther? Is she hot?

Does an ex-drill sergeant make a poor therapist?

Maybe not......

Perhaps if he was an EX drill sergeant because of a closet he'd recently exited from.

Why did my post re the ex-drill sergeant make you think of homosexuality?