The Infidel
EVIL CONSERVATIVE
TM is conspicuously missing. I guess truth matters not.
Nahh.... the "TruthHurts"
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TM is conspicuously missing. I guess truth matters not.
the class war is being waged by the wealthy on the rest of us
obviously, simple explanations are in order>
the need to raise taxes on the rich.
Brutus:
1) the top 1% already pay 40% of all Federal taxes
2) In NYC 5000 people pay 50% of all NYC tax( they can move)
3) in CA 10000 people pay 50% of all CA tax( they can move)
This is destroying our ability to have a competitive and growing economy. You don't take money from your most productive citizens, those who create new products and new jobs, and give it to liberal bureaucrats to waste on one shot welfare programs.
No other industrial country does this!!!
They may own 50% of all wealth but they control 100% of all power.
the need to raise taxes on the rich.
Brutus:
1) the top 1% already pay 40% of all Federal taxes
2) In NYC 5000 people pay 50% of all NYC tax( they can move)
3) in CA 10000 people pay 50% of all CA tax( they can move)
This is destroying our ability to have a competitive and growing economy. You don't take money from your most productive citizens, those who create new products and new jobs, and give it to liberal bureaucrats to waste on one shot welfare programs.
No other industrial country does this!!!
i know that tune!, c'mon, everybody sing along!
The top 5% are not paying nearly their fare share. They have benefitted enormously from the economy and they got the lion's share of wealth as a result. Their wealth dwarfs the wealth of the bottom 60%. Taxation should follow the wealth and income and the fruit that the economic tree provides. If the top 5% paid their fare share, the lopsidedness of their share of the nation's wealth wouldn't be so disparate. Pretty obvious stuff.
You know, the average top 5% taxpayer has $331,000 left over after paying their federal income tax. Average bottom 50% federal taxpayer has only $15,000 left over. Chew on that for a while, think about that and what kind of reward $15,000 is compared to $331,000. Think about the magnitude of the financial situation in real economic value terms the difference in those two incomes reflect. Remember, both have to live off of their respective income. Now that you realize the nature of the difference in economic reward is, due to the difference in magnitude of that difference and what that magnitude means in real, down to earth value terms and not just dollar terms, maybe, just maybe the light bulb of enlightenment will go on and you will get a "visceral" feel for it.
MitchMan said:The top 1% (of earners) pay 38.02% of taxes.
The top 5% pay 58.72% of taxes.
The top 10% pay 69.94% of taxes.
The top 25% pay 86.34 of taxes.
The top 50% pay 97.3% of taxes
The bottom 50% pay 2.7% of taxes.
The bottom 45% pay none at all.
The salient point that is missed by all right wingers is that even after the top 1% pay 38% of the income taxes, they still have enough income to have accumulated 37% of the nation's wealth, the top 10% have 71% of the nation's wealth even after paying 70% of the income taxes. The bottom 60% of the people in the USA have only 4% of the wealth and the bottom 40% have only 1/4 of 1%! The average top 1% federal taxpayer has $923,000 left per year after paying their annual federal tax. The average top 10% federal taxpayer has $223,000 left per year after paying their annual federal tax. The average bottom 50% federal taxpayer has only $15,000 per year left after paying what little they pay for federal income tax. Only $15,000 compared to $923,000 or $223,000!
The top 5% are not paying nearly their fare share.