How much $$ do the top income earners make and how much of the total income taxes collected do they pay?
To be in the top 1% in 2010 you need to make $380,000.00 Those top 1% earned 20 % of the total adjusted gross income for the country. They earned 20% yet they pay 38 % of the taxes. Those evil, crooked, exploting, disgusting filthy thieves. How dare they just pay 38 %?
If that doesn't fit any description of "fair share", then WTF does?
But our President wants taxes raised on these folks and claims they are "not paying their fair share". What a crock of shit and anyone that falls for that is a moron.
He wants to raise the taxes on those that make over 250K. Well let us take a look at this grand scheme:
2006 data reveals there are 2.2 million households in the US making over 250K a year.
OK, let us do the math which the community organizer is obviously ignorant on:
To cover the community organizer's 1.1 projected deficit for 2012 EACH of those households would have to barf up $500,000.00 in Federal income taxes A PIECE.
But the dumb ass Americans believe his class warfare so let us look deeper at this obvious to a 3rd grader folly:
From the same data if you wanted to eliminate the 2012 budget deficit of 1.1 trillion and just make millionaires have increased taxes each household having a 1 million dollar income up would have to fork over 6 million a piece.
It gets even stupider:
If Obama imposed a 100% tax on every household earning over 250K a year the government would collect 1.4 trillion, enough to run this out of control run away spending train 141 days before it ran dry. So we would need more? Well of course we have to tax those evil, greedy sum bitches corporations.
Corporate profits are an atrocity. So Obama can impose a 100% tax on corporate profits from the Fortune 500 Companies and bring in another 400 billion to squander. That will stretch the government to possibly the end of June until the $$ runs dry.
Does anyone, OR EVERYONE, see how stupid anyone is that believes taxes solves these spending problems?
And there is this other very HUGE problem with this Democrat "tax the rich" sillines:
These dumb asses believe that if you gouge the producers with higher and higher and higher taxes they will simply continue to keep bending over and continue taking it up the ass.
NO. Anyone with a brain that has worked their ass off educating themselves to be able to make that kind of $$$ is smart enough to and will shift their economic behavior to areas SO THAT THEIR $$$ IS NOT STOLEN FROM THEM.
That is why tax raises always lead to decreased revenues and tax cuts don't.
But the moochers do not care and the politicians that answer to them will keep them happy by calling for taxes on the rich as the solution to our financial problems.
Just as long as there are enough dumb asses that believe their foolishness.
To be in the top 1% in 2010 you need to make $380,000.00 Those top 1% earned 20 % of the total adjusted gross income for the country. They earned 20% yet they pay 38 % of the taxes. Those evil, crooked, exploting, disgusting filthy thieves. How dare they just pay 38 %?
If that doesn't fit any description of "fair share", then WTF does?
But our President wants taxes raised on these folks and claims they are "not paying their fair share". What a crock of shit and anyone that falls for that is a moron.
He wants to raise the taxes on those that make over 250K. Well let us take a look at this grand scheme:
2006 data reveals there are 2.2 million households in the US making over 250K a year.
OK, let us do the math which the community organizer is obviously ignorant on:
To cover the community organizer's 1.1 projected deficit for 2012 EACH of those households would have to barf up $500,000.00 in Federal income taxes A PIECE.
But the dumb ass Americans believe his class warfare so let us look deeper at this obvious to a 3rd grader folly:
From the same data if you wanted to eliminate the 2012 budget deficit of 1.1 trillion and just make millionaires have increased taxes each household having a 1 million dollar income up would have to fork over 6 million a piece.
It gets even stupider:
If Obama imposed a 100% tax on every household earning over 250K a year the government would collect 1.4 trillion, enough to run this out of control run away spending train 141 days before it ran dry. So we would need more? Well of course we have to tax those evil, greedy sum bitches corporations.
Corporate profits are an atrocity. So Obama can impose a 100% tax on corporate profits from the Fortune 500 Companies and bring in another 400 billion to squander. That will stretch the government to possibly the end of June until the $$ runs dry.
Does anyone, OR EVERYONE, see how stupid anyone is that believes taxes solves these spending problems?
And there is this other very HUGE problem with this Democrat "tax the rich" sillines:
These dumb asses believe that if you gouge the producers with higher and higher and higher taxes they will simply continue to keep bending over and continue taking it up the ass.
NO. Anyone with a brain that has worked their ass off educating themselves to be able to make that kind of $$$ is smart enough to and will shift their economic behavior to areas SO THAT THEIR $$$ IS NOT STOLEN FROM THEM.
That is why tax raises always lead to decreased revenues and tax cuts don't.
But the moochers do not care and the politicians that answer to them will keep them happy by calling for taxes on the rich as the solution to our financial problems.
Just as long as there are enough dumb asses that believe their foolishness.
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